Tag Archives: Innovation

China coming on strong. It still has a way to go though.The Unz ReviewChinese Science Anatoly Karlin

China has firmly established itself as a global leader in consumer-oriented digital technologies. It is the world’s largest e-commerce market, accounting for more than 40% of global transactions, and ranks among the top three countries for venture capital investment in autonomous vehicles, 3D printing, robotics, drones, and artificial intelligence (AI). One in three of the world’s unicorns (start-ups valued at more than US$1 billion) is Chinese, and the country’s cloud providers hold the...

Giving "innovation" new meaning.EcnsHow smart are China's electric toilets? CGTNSee also'World's first cargo drone' shows off 'one-click landing' in ChinaAlsoA Chinese manufacturer's bittersweet bite of innovationAlsoFirm modifies violent mobile game to include socialist core values

Qing Luan, director of SenseTime’s augmented-reality group, previously developed office apps for Microsoft in Redmond, Washington. She says she returned to China because the opportunities just seemed much bigger. “We were struggling to get a thousand users; then I talked with my friend who was working at a startup in China, and she said, ‘Oh, a million users is nothing—we get that in several days,’” she recalls. This is the key point about everything involving China. It's yuuu...ge!The...

Recently I discussed a paper by David Autor, David Dorn, Gordon Hanson, Gary P. Pisano and Pian Shu. The paper noted that as competition from China increased, innovation by US firms, measured by patent output, decreased. I believe the result, but started to wonder… are patents a good measure of innovation? Do patents drive economic growth? I don’t know how to measure innovation, but I can look at the relationship between patents and economic growth. We being...

Via Tyler Cowen, here is a piece by David Autor, David Dorn, Gordon Hanson, Gary P. Pisano and Pian Shu. Cowen quoted the most important part, so let me follow his lead: The central finding of our regression analysis is that firms whose industries were exposed to a greater surge of Chinese import competition from 1991 to 2007 experienced a significant decline in their patent output. A one standard deviation larger increase in import penetration decreased a...

Scott Alexander at Slate Star Codex has a very good post on cost disease. It definitely betrays a strong libertarian or conservative bias, but is nevertheless, worth reading. The piece that resonates with me is posted below. It has some good insights, one or two that are questionable (for anyone not firmly ensconced on the right), but overall it methodically works its way to one hell of a punch-in-the-gut truth in last sentence. Imagine if tomorrow, the price...

NYTimes, February 1946 ENIAC (Electronic Numerical Integrator and Computer), the first functional computer, was finished in mid-November 1945, just after the end of World War II. Developed for military purposes and financed by the war effort, it is probably the most important technological innovation associated with the state during the war, beating that other project, the atomic bomb. This is the quintessential example of the developmental state or what Mariana Mazzucato has more...