Structure of National Science and Technology Competitiveness: A Methodological and Empirical Study

This paper clearly defines the concepts of the national competitiveness,the national S&T competitiveness,and the national S&T competitiveness structure.It develops an evaluation framework with three dimensions:the national S&T competitive potential,the national S&T competitive strength and the national S&T competitive effectiveness.This paper proposes a structure analysis method and depicts the national S&T competitiveness structure of 35 countries in an empirical research.Apart from the definitions and the structure analysis method,this paper mainly draws the following conclusions:(1)In the one-dimensional national S&T competitiveness structure,the top 5 countries were all developed countries in 2015,while the developing countries generally performed better than developed countries considering the average annual growth rate of the national S&T competitiveness index.The 35 countries are clustered into 4 categories using the two-dimensional structure analysis method.For example,based on the ranking of the national S&T competitive strength index and the national S&T competitive effectiveness index of the 35 countries in 2015,the 35 countries are clustered into four categories:high-strength and higheffectiveness,low-strength and high-effectiveness,low-strength and low-effectiveness,and high-strength and low-effectiveness.(2)To a large extent,there is a significant correlation between the national S&T competitiveness index score and the GDP per capita value.And to a certain extent,there is some correlation between the national S&T competitiveness index score and the GDP value.Moreover,under the background of strength and effectiveness combination,or under the background of strength and potential combination,the national S&T competitiveness structure and GDP or GDP per capita show significant relationship.

A Study on IPO of CITIC Securities Company

On January 6, 2003, CITIC Securities Co., Ltd. （CITICS hereafter） issued A-shares in the Shanghai Stock Exchange to become the first public listed securities company through IPO in China. CITICS＇s net capital rose to about 5 billion yuan, much higher than any other competitor. This teaching case aims to demonstrate how a company gains first-mover advantage as being the first company to go public in an industry, how its competitors respond by changing their strategies after the IPO, and consequently, how a series of relevant events influence the competition. This case offers important implications for understanding the competitive dynamics of a securities company in China.