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In a Business Week article called The China Hype, they reported on China's self proclaimed "indigenous innovation." Floats in a parade celebrating the 60th anniversary of the People’s Republic of China featured recent advances such as their bullet train, a domestically designed and produced jet airliner and their efforts in alternative energy.
The significance of the title of the piece was the claim of "experts familiar with the highly touted Chinese achievements" that these advances were spurred by technologies developed outside of China. Example: the technology used in China's ARJ21 jet is based on past McDonnell-Douglas designs.
One would not expect any country/economy/culture to join the "world game" at the same level as existing, experienced players. The question for everyone is when/how will China catch up?
The answers to these questions have serious implications for all. For China, their continued rise and stability as a well-balanced global economic power is critical. And, they can’t reach their potential without becoming a serious player in global, not just domestic innovation. For all other economic powers, it is imperative that they stay at the top of their games, continuing their full-out pursuit of innovative leadership.
Finally, it begs the question: What if everyone collaborated to find the “next best things” that would help all of mankind to thrive? |
