Author : Johnny Ch Lok
Publisher : Independently Published
ISBN 13 : 9781095633304
Total Pages : 128 pages
Book Rating : 4.6/5 (333 download)
Book Synopsis UK And US Future Unique Technology by : Johnny Ch Lok
Download or read book UK And US Future Unique Technology written by Johnny Ch Lok and published by Independently Published. This book was released on 2019-04-23 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt: I stressed a very important point, namely that the UK future high technological automatic product competitor China and India, namely that economies not only grow, but in the process change their structure. China and India have been industry very rapidly (the first transition) and building the physical infrastructure that accompanies industrialization changes to technology in the future. However, at a certain per capita GNP level the two countries, such as China and India will face another structural shift when which technological development will reach the mature stage in the future. China and India had been primarily historical pattern of economic development because the shift in the role of engine of growth from industry to services is to a much greater extent a qualitative shift. Both higher and different skills are required. And, even more importantly, interactions generating ideas driving the highly human-capital-intensive service economy require a much freer environment, not only in the economic area. Chinese exports have been heavily labor-intensive. This being the case, they contributed to the expansion of industrial employment, offering for the first time in the history of China a taste of (very modest) prosperity to more than 100 million new industrial workers and their families. This is the major component of the success accomplished by Chinese economic growth. Richer trade partners create room for more trade, so the Chinese should hope that intra-South trade, that is, trade between the emerging economies of Asia, the Middle East, Africa and Latin America, will open up new and growing opportunities. I presume that if Western economy, such as UK did not developed high technological automatic industry to stable their social welfare, so thoroughly slowed down their economic growth.Will it allow China to accomplish the transition to a mature, innovation, service-sector-based market economy? It has allowed the economy to industrialize much more successfully, even if the labor shift from agriculture to industry has not yet been completed. But it is a long way off the next major test: the second high technological industry transition of the economic structure to China. Bear in mind that Russia attempted it twice and failed at both attempts.But even, assuming that China at some point in the future does succeed in accomplishing the second transition, will it be able to supersede the USA, for example, as the main global high automatic technological innovation center if it wants to become the No.1 global high technological industry economy? Given the nature of the centralized state and its stability to collect financial resources, China's ability to increase research and development expenditure to high automatic technological products and to hire a mass of researchers, engineers, technicians and other specialists should not be doubted. This process in already taking place.
