Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: regli who wrote (58491)	10/23/2006 10:02:21 PM
From: TobagoJack	Read Replies (2) of 116555

one bit of detail regarding r&d spend in china and usa, from own observation of startups in both locales working on similar ideas, that each r&d dollar, equivalent to 7.9 rmb, buys more neurons in china meaning, for a startup in the usa that raised some dollars, it ought to spend such dollar in china, else lose out to the german startup that raises moolah and europe and spends same in india on ppp basis, i think china may be outspending all already i am concerned that, as china developed off the backs of cheap labour 1982-1995, enhanced by cheap capital 1995-2006, will likely be well supported by economical intellectual capital going forward i am not certain what my toddler should be studying within the coming 20 years to prepare her for what can gather to be quite a storm

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