男友太凶猛1v1高h,大地资源在线资源免费观看 ,人妻少妇精品视频二区,极度sm残忍bdsm变态

US EUROPE AFRICA ASIA 中文 April 24, 2025
Business / Economy

Can Asia retell Mass Flourishing?

By Andrew Moody (China Daily) Updated: 2014-07-28 20:37

Can Asia retell Mass Flourishing?

Edmund Phelps says a lot of reporting on economic and financial issues distorts the real picture. WANG ZHUANGFEI/CHINA DAILY

Edmund Phelps firmly believes China needs to innovate more if its economy is to progress to the next stage of development.

The Nobel Prize-winning economist says if it sticks with an infrastructure investment-fueled economic model it risks being stuck in the middle-income trap, the fate of so many developing nations.

"I strongly believe that to enter the next phase of its development, it will have to embrace a radical increase in indigenous innovation.

"The data suggests that the rate of return of investment in China is declining and that it has sunk rather faster over the past five years. There is such a thing as diminishing returns and at some point the economy comes to a rest unless there are fresh ideas of how to use capital."

Can Asia retell Mass Flourishing? 
Unleashing the power of innovation
Can Asia retell Mass Flourishing?
Needed: A 'strong' Chinese economy
Phelps, 80, was speaking in the lobby of the Beijing Airport Hotel, where he had stayed overnight before taking an afternoon flight back home to New York.

He had spent the earlier part of the week at Fuzhou University, where he has been dean of New Huadu Business School since 2010.

He makes about four trips a year with his wife Viviana, who also acts as his personal assistant.

"I don't have much to do with the operations. I make speeches to students. If there is a fee I haven't seen it," he says.

"I was the commencement speaker earlier this month for the graduating students of the business school. In the early evening the students - many of them expert song and dance performers - put on a show. It was amazing. This is the flamboyant exuberance about China I like very much."

Such exuberance he does not see much of in either Europe or the United States in his new book Mass Flourishing, in which he argues that despite Silicon Valley and the likes of Google and Facebook, we are not living in an innovative age.

Progress today, according to Phelps, pales into comparison to what happened during the British Industrial Revolution or in the United States from the mid-19th century to around 1940.

He uses as his measure of innovation the growth of productivity, which he says is now at a standstill in countries like Germany, which many otherwise see as economically successful.

"Germany exhibits a slowdown, verging on a full stop in productivity. How many German companies can you think of that you would call creative? I have heard it said about Siemens that the management understands technological change but don't understand about creating new products.

Previous Page 1 2 3 4 Next Page

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 庄浪县| 江都市| 右玉县| 班玛县| 公安县| 夏邑县| 华蓥市| 东乌珠穆沁旗| 淅川县| 张掖市| 平定县| 华安县| 织金县| 汝南县| 库车县| 邢台市| 康平县| 大安市| 齐齐哈尔市| 聊城市| 汉川市| 莫力| 玉屏| 通海县| 韶关市| 南丰县| 肥东县| 凉城县| 东光县| 韩城市| 英山县| 禹城市| 巴林左旗| 巨鹿县| 沿河| 祁东县| 永春县| 临漳县| 德昌县| 广昌县| 尼木县|