Download The Dragon and the Elephant: Understanding the Development by National Research Council, Policy and Global Affairs, PDF

By National Research Council, Policy and Global Affairs, Technology, and Economic Policy Board on Science, Committee on the Competitiveness and Workforce Needs of U.S. Industry, Robert Poole, David Taylor, Stephen Merrill

ISBN-10: 0309151600

ISBN-13: 9780309151603

The go back of the once-dormant economies of China and India to dynamism and development is likely one of the such a lot striking tales in fresh heritage. the 2 international locations are domestic to just about forty percentage of the world's inhabitants, yet till lately neither had performed an influential position within the modern worldwide economic system.

some time past 20 years, China and India have liberalized inner monetary coverage, therapy of overseas funding, and exchange, and feature skilled monetary development at sustained excessive premiums. From the viewpoint of the U.S., despite the fact that, an important improvement within the chinese language and Indian economies within the long-term could be the strides they're making in constructing their very own household innovation capacities. After a protracted interval of underinvestment, either international locations have dedicated to turning out to be their technology and schooling structures to reinforce study and extra fiscal growth.

a few observers of the new development have acknowledged that either nations are surging of their efforts to spur innovation; others have emphasised the possibility of one kingdom over the opposite; and nonetheless others have instructed that either China and India have far to move prior to attaining innovation-driven progress. With one of these diversity of perspectives, The nationwide Academies got down to describe advancements in either international locations, in terms of one another and the remainder of the realm, by way of organizing a convention in Washington, D.C. The convention, summarized during this quantity, mentioned contemporary adjustments at either the macroeconomic point and in addition in chosen industries, and explored the reasons and implications of these alterations.

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Still, he suggested, a new “tricycle of innovation” will hinge on the centers of Stockholm, Beijing, and Bangalore. The emphasis on human capital and value for social capital, Singham said, explains Scandinavia’s lead in global IT competitiveness per capita. A value on collaboration, not just competitiveness, can spur global innovation. In this new environment, agility of innovation and fast solutions for new business models will command a premium. He posited that there are two revolutions taking place--one on the process side of enterprise and a second on the product side.

Pitroda replied, the answer lies in part in how we communicate about the issue. Today “globalization” is widely seen as an attribute of multinational corporations not conducive to improvements in the general population’s quality of life. It needs to be communicated that globalization also means open platform development and collaboration among agile teams bringing widely shared benefits. 4 Capital Markets and Investment market. Venture capital in India has both global and domestic market investments.

S. Customs for bringing in banned botanical samples. Another example he cited was an Indian firm with a new technology for foiling car thefts. Such cases, according to Mittal, are grounds for great optimism about India’s innovation climate. Lan Xue of Tsinghua University claimed that over the past 10-12 years, China has established the infrastructure necessary for sustained, technology-based growth. The challenge for China is to make the infrastructure work successfully with industry. Other challenges include a wider distribution of 24 benefits from technology and harnessing science and technology to support efforts to address China’s enormous environmental problems.

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