Chinese engineering has become so advanced that German jet engines could soon get a major boost from China. Officials in China have begun talks to sell sophisticated aerospace technology and manufacturing equipment to Germany for the production of high-performance jet engines.... Discussions for the sale are still in the early stages, but even the possibility of an agreement with Germany, which created the world’s first production-ready jet engine and has long been revered for its design...
Read More »Bhaskar Chakravorti — The “Smart Society” of the Future Doesn’t Look Like Science Fiction
Harvard Business Review The “Smart Society” of the Future Doesn’t Look Like Science Fiction Bhaskar Chakravorti | Senior Associate Dean of International Business & Finance at The Fletcher School at Tufts University and founding Executive Director of Fletcher’s Institute for Business in the Global Context
Read More »IPA’s weekly links
Guest post by Jeff Mosenkis of Innovations for Poverty Action. This week’s Freakonomics episode, titled “Everything You Always Wanted to Know About Money (But Were Afraid to Ask)” (Apple podcasts) features an all-star cast of Jack Bogle on not trying to beat the market, Annamaria Lusardi on teaching basic financial tips to NFL players, and Harold Pollack on his index card of financial heuristics. Readers of this blog are all financial whizzes but, you know, for your friends and stuff....
Read More »IPA’s weekly links
Guest post by Jeff Mosenkis of Innovations for Poverty Action. We don’t do enough thinking in the U.S., much less in developing countries, about end of life “palliative” care, helping people with difficult terminal illnesses suffer less. But a lot of suffering happens at the end of life; if your goal is to alleviate suffering, pain management is doable. The BBC has a very interesting story of the woman who singlehandedly brought palliative care to Mongolia. David Evans summarizes a post and...
Read More »Competition from China reduced Innovation in the US
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...
Read More »I Don’t Understand the Apple Watch
In 2006, I was telling anyone who would listen — which, given that I was a nerdy 19-year old, wasn’t many people — to buy Apple stock. Back then Apple seemed to be on the verge of something amazing. I had had an iPod since 2003, and had just bought a Macbook Pro, and was blown away by OS X. The operating system and interface had a crispness and an attention to detail that made Windows PCs seem like a muddled mess. Turns out I was right about Apple. The past decade has seen Apple blow up...
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