Breaking News
Comments
george.leopold
User Rank
Rookie
re: Despite obstacles, experts say China continues to innovate
george.leopold   5/11/2012 1:05:19 AM
NO RATINGS
Danny Breznitz of Georgia Tech has an extremely clear-eyed view of what's happening on the ground in China and the real implications of globalization for American manufacturing and our evolving relationship with China. We will continue to follow him.

Bert22306
User Rank
CEO
re: Despite obstacles, experts say China continues to innovate
Bert22306   5/11/2012 7:47:33 PM
NO RATINGS
I agree with the way this article describes the situation wrt US manufacturing. And I also believe that this is the root cause of the divergence between the rich and the poor in the US. This divergence is not caused by "trickly down doesn't work," which sounds absurd on the face of it. It is caused instead by the fact that "trickle down" DOES work, except it's trickling down into the Chinese economy, and not the US economy. The business strategists in the US make decisions whose objective is to maximize their companies' profits. To achieve their goals, they need to keep production costs as low as possible. So they export manufacturing, and they also export design. The investments of the venture capitalists and the corporate executives give them hansome returns (all we need to do is look at Apple), but the expected trickly down flow has been diverted way over to the East.



Most Recent Comments
_hm
 
David Ashton
 
Olaf Barheine
 
BobSnyder
 
elizabethsimon
 
seaEE
 
BobSnyder
 
NoviceMan
 
David Ashton
EE Life
Frankenstein's Fix, Teardowns, Sideshows, Design Contests, Reader Content & More
Max Maxfield

Steve Wozniak Reacts to Latest iPhone
Max Maxfield
4 comments
Funnily enough, just a few days ago as I pen these words, I was chatting with my wife (Gina the Gorgeous) when she informed me that -- as a kid -- she had never played at making a ...

EDN Staff

11 Summer Vacation Spots for Engineers
EDN Staff
20 comments
This collection of places from technology history, museums, and modern marvels is a roadmap for an engineering adventure that will take you around the world. Here are just a few spots ...

Glen Chenier

Engineers Solve Analog/Digital Problem, Invent Creative Expletives
Glen Chenier
15 comments
- An analog engineer and a digital engineer join forces, use their respective skills, and pull a few bunnies out of a hat to troubleshoot a system with which they are completely ...

Larry Desjardin

Engineers Should Study Finance: 5 Reasons Why
Larry Desjardin
46 comments
I'm a big proponent of engineers learning financial basics. Why? Because engineers are making decisions all the time, in multiple ways. Having a good financial understanding guides these ...

Flash Poll
Top Comments of the Week
Like Us on Facebook
EE Times on Twitter
EE Times Twitter Feed

Datasheets.com Parts Search

185 million searchable parts
(please enter a part number or hit search to begin)