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China: the New Global High-Tech Power
Andy Tai writes "This three-part news.com special report shows how mainland China has become the focus of high tech business opportunities during the global recession. The article compares today's China to 19th Century America as "a booming nation starved for products and driven by a new generation of entrepreneurs", points out China's "sheer numbers and ambitious work ethic are producing thousands of engineers--and U.S. companies are recruiting the best of them," and concludes "that this may eventually be known as China's high-tech century. " Another good article looking at China's rise as a global power can be found here."
Hello CHINA:
How about getting the following the foundation for a high-tech economy?
1)-access to energy
2)-fair judicial system
3)-clean water
4)-enough food for its people
5)-uncorrupt governance
6)-educated people
7)-freedom of expression
No amount of friendliness towards business or incentives for technology will overcome these more basic barriers.
Game: Player 'Donald J Trump' now has AI skill level 'experimental'.
China has all of that, but misses one BIG part. A clear fair legal system where outcomes can be reasonably assured. Simple game theory will lead to the result that the lack of this will lead to a GREATLY diminished amount of wealth being generated. The oligarcy that runs the country and the lack of an independant judicary means that the generationof wealth will be forever hampered.