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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (58499)	10/23/2006 10:13:59 PM
From: regli	Respond to 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"" I tend to agree with you. Though materials and research supplies would be similar in all locations, people costs are so much lower that the dollar in China should travel quite a bit farther. The U.S. and Europe likely still have somewhat of an edge in experience in many fields to-date but that edge should erode within the next 5 to 10 years assuming similar spending levels.