This reverse flow of intangible assets helps explain why the export-driven development strategy is such a powerful one. And it also helps explain why China, in particular, has been so focused on holding down the value of the yuan, and so reluctant to switch to domestic-driven growth.<\/p>\n
via Supply Chains and the Transfer of Intangible Assets \u00c2\u00ab Mandel on Innovation and Growth<\/a>.<\/p>\n There’s plenty of evidence that China understands the value of these intangible assets.\u00c2\u00a0 There are lots of stories that support that, such as this one:<\/p>\n \u00e2\u20ac\u0153BOE got the technology they wanted. All we got was layoffs,\u00e2\u20ac\u009d said Hwang Pil-sang, a Hydis worker.<\/p><\/blockquote>\n via In Carmaker\u00e2\u20ac\u2122s Collapse, a Microcosm of South Korea\u00e2\u20ac\u2122s Woes – NYTimes.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":" This reverse flow of intangible assets helps explain why the export-driven development strategy is such a powerful one. And it also helps explain why China, in particular, has been so focused on holding down the value of the yuan, and so reluctant to switch to domestic-driven growth. via Supply Chains and the Transfer of Intangible … Continue reading Supply Chains and the Transfer of Intangible Assets \u00c2\u00ab Mandel on Innovation and Growth<\/span>