1/7
The Chinese challenge to US scientific and technological superiority, and the US response, may end up greatly benefitting the world. The question for China is its sustainability, especially as its GDP growth starts to drop rapidly.
scmp.com/tech/policy/ar… via @scmpnews
The Chinese challenge to US scientific and technological superiority, and the US response, may end up greatly benefitting the world. The question for China is its sustainability, especially as its GDP growth starts to drop rapidly.
scmp.com/tech/policy/ar… via @scmpnews
2/7
I'd argue that the key is the mix of political and economic institutions that are best suited to make technological innovation commercially sustainable. Highly centralized systems can very be very efficient at achieving clear goals, like building needed infrastructure or...
I'd argue that the key is the mix of political and economic institutions that are best suited to make technological innovation commercially sustainable. Highly centralized systems can very be very efficient at achieving clear goals, like building needed infrastructure or...
3/7
restricting population growth. They are certainly capable too of tremendous advances in politically-directed areas of science (e.g. Germany in the 1930s, the USSR in the 1960s and 1970s). So far, however, the most successful high-tech economies seem to succeed...
restricting population growth. They are certainly capable too of tremendous advances in politically-directed areas of science (e.g. Germany in the 1930s, the USSR in the 1960s and 1970s). So far, however, the most successful high-tech economies seem to succeed...
4/7
by allowing and encouraging explosive creativity in a wide range of self-reinforcing areas — science, technology, culture, business practices, financing — so that technological innovation becomes commercially sustainable in ways that we don't fully understand.
by allowing and encouraging explosive creativity in a wide range of self-reinforcing areas — science, technology, culture, business practices, financing — so that technological innovation becomes commercially sustainable in ways that we don't fully understand.
5/7
Obviously Beijing is aware of this. The SCMP article notes that "in 2014, Xi said in a speech at the Chinese Academy of Sciences that for years, China has had a 'chronic illness' of failing to translate technological achievements into economic productivity."
Obviously Beijing is aware of this. The SCMP article notes that "in 2014, Xi said in a speech at the Chinese Academy of Sciences that for years, China has had a 'chronic illness' of failing to translate technological achievements into economic productivity."
6/7
China has seen major political and institutional changes in the past few years. The question for me is whether these changes were designed to accommodate the economic needs of China's technological...
China has seen major political and institutional changes in the past few years. The question for me is whether these changes were designed to accommodate the economic needs of China's technological...
7/7
development, which Liu He describes as "a matter of survival", or whether China's technological development is expected to conform to the evolution of its political system.
scmp.com/economy/china-…
development, which Liu He describes as "a matter of survival", or whether China's technological development is expected to conform to the evolution of its political system.
scmp.com/economy/china-…
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