久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

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: 中文字幕在线看视频一区二区三区 | 久久久久琪琪去精品色村长 | 国内外成人免费视频 | 成人在线免费网站 | 国产伦理自拍 | 全部aⅴ极品视觉盛宴精品 全部免费a级毛片 | 亚州免费视频 | 免费高清在线爱做视频 | 亚洲一区二区三区精品国产 | 成人国产精品一级毛片天堂 | 最爽的乱淫片免费 | 久久久国产乱子伦精品 | 久久免费影院 | 亚洲日产2021三区 | 在线免费观看欧美 | 国产精品日韩欧美 | 老外黑人欧美一级毛片 | 亚洲欧美日产综合在线看 | 日韩欧美一区二区中文字幕 | 天堂8中文在线最新版在线 天堂8资源8在线 | 免费看成人毛片日本久久 | 91资源在线 | 亚洲a人| 欧美成人国产一区二区 | 美女张开腿让我桶 | 亚洲精品久久久久久久久久久网站 | 欧美三级在线观看不卡视频 | 欧美高清日韩 | 一本色道久久综合亚洲精品 | 一级毛片播放 | 91亚洲精品久久91综合 | 国产日韩欧美视频在线 | 成人满18在线观看网站免费 | 国产爽的冒白浆的视频高清 | 亚洲视频黄 | 国产亚洲精品aaa大片 | 91免费公开视频 | 中国一级特黄视频 | 国产大臿蕉香蕉大视频女 | 美毛片 | 国产一区二区三区免费看 |