A continuous flow of technology/industrial innovation is the key to sustained dynamic growth. Developing countries have an "advantage of backwardness" as they can borrow technology/industry from the developed countries. In an open, competitive market, the optimal technology/industrial structure...

Opportunities and challenges in China's economic development -- Why the scientific and industrial revolutions bypasses China -- The great humiliation and the socialist revolution -- The comparative advantage-defying, catching-up strategy and the traditional economic system -- Enterprise...