World Economics Thread

[pla101prc]

blade, that was Bo Xilai that said that. he was the secretary of commerce at the time.

and assassin, you are right, the west thinks China as some sort of mutant. it was only by chance that China achieved its success, so unless China westernize it will soon lose everything.of course we know that that is not the case.
however you have to admit, the American model does encourage innovation. the problem is simply that they overinnovated, i think i already said this before. its bad to have too much of anything, including innovation.

 

[AssassinsMace]

Of course Americans can innovate but their way is not the only way. I more believe it's necessity that is the mother of invention. And for pretty much a couple thosand years before the rise of the West, China was the innovator and leader and they never followed any of the things the West say today are the ingredients of innovation. And let's be real. The West doesn't want to see anyone doing better than they do so it's disingenuous for them to proclaim they know what others have to do to achieve it. It's more about installing the institutions and mechanism that keep the West on top not create a competitor. Look at all the hate towards Japan in the 1980s. Japan followed the Western system. Japan hasn't changed since. China is far more of a threat because when it comes to the pecking order Japan follows the West more than China ergo China is the threat now.

 

[pla101prc]

well its more complicated than that, but yes you are right in that the west believes that its model is the universal model and everyone should and will adopt it. which is wrong because even western countries differ from one another. west is more friendly towards Japan because they think Japan is an example of western model being successfully applied elsewhere, of course that is not true, it is because Japan as a nation is extremely disciplined and cohesive (again its more complex but i am just givin a general picture). when the Japanese nation was more successful than western countries under the western model (only nominally), you know its the nation itself that should take the credit. but of course, the west say that their system was working its magic.

 

[kliu0]

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[Roger604]

however you have to admit, the American model does encourage innovation. the problem is simply that they overinnovated, i think i already said this before. its bad to have too much of anything, including innovation.

Great way of putting it

west is more friendly towards Japan because they think Japan is an example of western model being successfully applied elsewhere, of course that is not true, it is because Japan as a nation is extremely disciplined and cohesive (again its more complex but i am just givin a general picture).

Good points. I think there is a lot to learn from Japanese national character, especially the cohesiveness and discipline.

 

[kliu0]

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[crobato]

“Why has the impact on Asia been so jarring? The answer lies in Asia’s exceptional integration into the global economy,” Felman said in Singapore. “Much of the region relies on technologically sophisticated manufacturing exports ... precisely those products which global demand has collapsed.”

The IMF is out of touch with reality. The reality is that technology products particularly those with the information and telecom industries are in fact, the most resistant to recessionary changes, although they will still feel the effects of recession. This is born out of the bottom lines of technological companies everywhere from Apple to Microsoft to IBM, and companies like Acer, Hon Hai, Asus and HTC, to the internet powers like eBay and Google, and to giant carriers like China Mobile and Vodafone. Their profits maybe down, but generally they are weathering recession much better than all other sectors and when the recession ends, they will jump out ahead of the pack.

 

[kliu0]

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[kliu0]

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[kliu0]

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