By syw on Dec 02, 2007
Special Report on India and China
Nov. 3rd, 2007
The Economist had a special report on India and China titled High-Tech Hopefuls. As I would expect from any world-class publication, I have always found this magazine fair and informative. Its subscription fee at China, however, is more than double of USA. These economists really "charge what the market can bear."
The opening article offered a rather interesting point of view on why did these great civilization declined — they were both technology leaders in this world few hundred years ago. "Lost of interest!" said Joel Mokyr. Both China and India ran out of challenges at that time. Hmm... Another classic economic doctrine: competition is always good for the society.