China, Taiwan, and Stakeholder Capitalism: MIT Advisor Paul Hsu

ICTiger Interview Series with Global Innovation Leaders

 
MIT CSAIL advisory board member Mr. Paul S.P. Hsu comments on Innovation's Crouching Tiger from the perspective of developments in capitalism. Dr. Jili Chung points out that Taiwanese enterprises are essential stakeholders in Greater China's innovation ecosystem, but wonders how do they participate in shaping the new global norm during the US-China trade war and post-Covid-19 era? In response, Mr. Hsu suggests a road map that takes into account a larger range of affected and interested parties. Mr. Hsu believes Taiwan’s dynamic private sectors already have an excellent foundation and that these private sectors could resolve the bottleneck caused from shareholder capitalism by adopting stakeholder capitalism.

01:05 Introduction of Mr. Paul Hsu 
01:55 Taiwanese enterprises are essential stakeholders in China's innovation ecosystem.
02:25 Taiwanese enterprises heavily rely on markets in Mainland China. 
03:00 The co-competition status provides a leverage point in the global new norm.
03:30 Historical perspectives hint at the trend of stakeholder capitalism. 
04:30 Historical perspectives hint at the movements of stakeholder capitalism.
05:25 Taiwan has an excellent legislative history protecting a broad range of interested parties. 
06:35 Taiwan's leverage point is to encourage innovation based on stakeholder capitalism. 
07:45 Moving the short-term focus from the election campaign to more open discussion on visions. 
08:06 Positioning us higher - taking care of the interests of a broader scope of people.

​More information and insights into China's innovation ecosystem can be found in Innovation's Crouching Tiger, now available on Amazon: https://amzn.to/3cf3QR7