Lessons in innovation and entrepreneurship from China

Abstract

Digital transformation has become a key driver for economic and social development worldwide, and Nicaragua is no exception. This document aims to discuss how Nicaragua can move towards a prosperous digital future, learning from China's experience and adapting its strategies to the local context. China, as a global leader in technology and digitalization, has seen exponential growth in its digital economy, driven by favorable government policies, investment in technological infrastructure, and a vibrant startup ecosystem.
China's focus on creating an enabling environment for innovation, which includes public-private sector collaboration as well as fostering digital skills education, offers valuable lessons for Nicaragua. Through the adoption of emerging technologies, such as artificial intelligence and e-commerce.
In addition, the development of training programs and the promotion of an entrepreneurial spirit are critical to cultivating local talents in digital technology. By learning from successful Chinese strategies, Nicaragua can build a more robust digital future, one that not only drives economic growth but also contributes to social inclusion and sustainable development. This article highlights the experience of a delegation of Nicaraguan technology specialists, who visited China to learn about the strategic vision and collaborative approach necessary to achieve an effective digital transformation in that country.