1/4
It might seem to make obvious sense to have the government play a crucial role in the development of "chokehold technologies", but historical precedents suggest at least two problems which Beijing should try to avoid (and which so far it hasn't).
scmp.com/economy/china-…
It might seem to make obvious sense to have the government play a crucial role in the development of "chokehold technologies", but historical precedents suggest at least two problems which Beijing should try to avoid (and which so far it hasn't).
scmp.com/economy/china-…
2/4
First, politcal (and military) considerations rather than economic ones are usually what drive the process. Second, and allied to the first, the diffuse nature of government involvement and subsidies makes it almost impossible to cost trophy technology and determine...
First, politcal (and military) considerations rather than economic ones are usually what drive the process. Second, and allied to the first, the diffuse nature of government involvement and subsidies makes it almost impossible to cost trophy technology and determine...
3/4
whether or not it is economically sustainable. We just assume that once a country has leaped frogged into a much higher level of technology, this will automatically become viable whether or not the social, legal, political and other institutions are in place.
whether or not it is economically sustainable. We just assume that once a country has leaped frogged into a much higher level of technology, this will automatically become viable whether or not the social, legal, political and other institutions are in place.
4/4
This isn't to say that there is no room for an industrial policy towards technology. Clearly there is, but along with the many successful cases in history, there are also many unsuccessful cases, and proponents tend only to see the former while opponents only see the latter.
This isn't to say that there is no room for an industrial policy towards technology. Clearly there is, but along with the many successful cases in history, there are also many unsuccessful cases, and proponents tend only to see the former while opponents only see the latter.
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