![]() Harvard economics professor and former US Treasury Secretary Larry Summers, for example, declared last March at a Beijing conference that it is a “historical wonder” that China, where per capita income amounts to just 22% that of the United States, could have the world’s cutting-edge technology and technological giants. They believe that the Chinese state’s capacity is enabling the country, through top-down industrial policies, to stand virtually shoulder-to-shoulder with Europe and the US. In the West, many economists and observers now portray China as a fierce competitor for global technological supremacy. In fact, the distance separating it from that frontier is far greater than most people recognize. Yet China is nowhere near the technological frontier. VANCOUVER – Over the past two decades, China has been achieving rapid technological progress, thanks in no small part to its massive investment in research and development, which totaled some 2.2% of its GDP last year. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |