www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
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: av中文字幕网免费观看 | 香蕉视频1024| 日本一本色道 | 欧美俄罗斯一级毛片 | 欧美精品成人 | 亚洲香蕉一区二区三区在线观看 | 日韩精品中文字幕视频一区 | 国产精品欧美韩国日本久久 | 怡红院在线a男人的天堂 | 国产又色又爽黄的网站免费 | 成人免费视频网站 | 成人国产网站v片免费观看 成人国产午夜在线视频 | 亚洲成年人免费网站 | 国产系列 视频二区 | 在线观看国产亚洲 | 最新国产美女肝交视频播放 | 高清色黄毛片一级毛片 | 波多野结衣在线视频免费观看 | 亚洲天堂男人天堂 | 中文字幕毛片 | 欧美成人三级网站在线观看 | 美女被拍拍拍拍拍拍拍拍 | av中文字幕网免费观看 | 国产成人精品一区二区秒拍 | 国产在线观看xxxx免费 | 国产三级精品久久三级国专区 | 欧美一级毛片一免费 | 国产精品国内免费一区二区三区 | 日韩一区二区在线播放 | 国产真实乱子伦xxxxchina | 99综合在线 | 日韩欧美一区二区三区免费看 | 美女毛片儿 | 黄色毛片视频校园交易 | 亚洲精品国产一区二区图片欧美 | 美女被拍拍拍拍拍拍拍拍 | 亚洲一区中文字幕 | 丰满老熟女毛片 | 欧美在线观看一区二区 | www日本免费 | 一级做a爰性色毛片 |