"YOU WERE ONCE LIVING IN DARKNESS, BUT NOW YOU ARE OF THE LIGHT IN THE LORD. LIVE THEN AS CHILDREN OF THE LIGHT, FOR LIGHT PRODUCES EVERY KIND OF GOODNESS AND RIGHTEOUSNESS AND TRUTH. TRY TO UNDERSTAND WHAT IS PLEASING TO THE LORD. TAKE NO PART IN THE FRUITLESS WORKS OF DARKNESS; RATHER EXPOSE THEM, FOR SHAMEFUL THINGS DONE BY THEM IN SECRET; BUT ALL THAT IS EXPOSED BY THE LIGHT WILL BE SEEN, FOR EVERYTHING THAT BECOMES VISIBLE IS LIGHT."
EPH 5:8-14
Sunday, March 26, 2017
Competition From China Reduced Innovation in the US
From Naked Capitalism:
Reduced innovation is another reason to question using China as America’s outsourced manufacturer.
he decline of innovation in the face of Chinese import competition suggest that R&D and manufacturing tend to be complements rather than substitutes. That is, when faced with rapidly intensifying rivalry in the manufacturing stage of industry production, firms tend not to substitute effort from production to R&D. While politicians’ ‘obsession’ with manufacturing is primarily due to the sizable employment losses in the sector during recent decades, an accompanying reduction in innovation may well affect economic growth in the longer term.
http://www.nakedcapitalism.com/2017/03/competition-china-reduced-innovation-us.html
Reduced innovation is another reason to question using China as America’s outsourced manufacturer.
he decline of innovation in the face of Chinese import competition suggest that R&D and manufacturing tend to be complements rather than substitutes. That is, when faced with rapidly intensifying rivalry in the manufacturing stage of industry production, firms tend not to substitute effort from production to R&D. While politicians’ ‘obsession’ with manufacturing is primarily due to the sizable employment losses in the sector during recent decades, an accompanying reduction in innovation may well affect economic growth in the longer term.
http://www.nakedcapitalism.com/2017/03/competition-china-reduced-innovation-us.html
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