The World Economic Forum held in Davos, Switzerland in January this year raised a global issue by suggesting a new subject, “Mastering of the Fourth Industrial Revolution”. Compared to the previous subjects which were general economic issues such as low economic growth rate, interregional...

In our days, German machine tool makers accuse their Chinese competitors of violating patent rights and illegally imitating German technology. A century ago, however, German machine tool makers used exactly the same methods to imitate American technology. To understand the dynamics of this...