Apple for President!: An Essay by William Keiper

By William Keiper

Even though the identify Apple for President! is, i'm hoping, a little bit provocative, the subject material is severe. As voters, we will be able to not stand round passively hoping new financial platform will one way or the other spontaneously take form and lift us out of our monetary problems. Our government's unapologetic habit to borrowing and the pervasive monetary demanding situations of lots of our voters are transparent symptoms of the importance of the problem. Our present type of government-operating less than an analogous constitution first followed while our structure used to be ratified in 1788-has no longer saved up with the complexity and speed of our instances. hence, no person president-no topic how incredible or proficient with management and different skills-can exhibit the best way ahead within the production of a brand new fiscal platform. we want a versatile democracy to satisfy the demanding situations of the days. making a shift of the value now required will necessitate making use of the simplest of our political management and the simplest of our inner most region acumen and brilliance--all within the carrier of reengineering our executive and financial system. Apple for President! is an idea whose time has come. Award-winning writer and grasp game-changer William Keiper, presently has one other best-selling publication: existence Expectancy: It's by no means Too past due to alter Your video game.

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As in Korea, China’s export-led catch-up strategy relied on competition in the global market to serve as a screening mechanism to identify globally competitive industries. It was reinforced by policies that maintained a stable macroeconomic environment while attracting foreign investors. INNOVATION AND GROWTH © OECD AND THE INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT/THE WORLD BANK, 2009 3. 9. Export led catch-up in Korea and China Percentage of output exported Textiles Industrial chemicals Machinery, electric Transport equipment Machinery, except electrical 12% 10% Korea China 8% 6% 4% 2% 0% 1980-84 1990-94 2004-05 1980-84 1990-94 2004-05 Source: Author’s calculations based on COMTRADE Database and INDSTAT Database.

As a result, it is unlikely to improve its productivity and catch up. This result has interesting policy implications. If policies that can shorten the distance to the technological frontier are implemented, it is possible to boost productivity. This in turn should boost competitiveness. This result directly puts the onus of distance-shortening or innovation-enhancing (these terms are used interchangeably here) policies on the BIC country which desires to catch up in the global market. In contrast to the Aghion model, which emphasises competition policy as the source of catch-up, our result suggests that in industries which are relatively far from the technological frontier, there may be a need to implement innovation-enhancing policies in addition to trade liberalisation.

When firms innovate to compete and retain or even expand their market share because of threat of entry, they engage in “escape competition” tactics; when firms fail to innovate and compete, the authors argue that they are falling prey to Schumpeterian effects. In their early models, price costs margins are used as the competition indicator and citation-weighted patents as a measure of innovation. In their more recent work, the authors find that technologically advanced 5. For a discussion of the role of intellectual property rights in the process of economic development see Primo Braga et al.

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