The number of options for Research and Development (R&D) and technology development are growing. For many American companies their investment in this area is their single most important investment. Therefore it is essential that they explore all options for technology development to get the best...

As the US moves from a production‐oriented to a technology‐oriented economic base, information itself has begun to acquire the characteristics of a basic resource, much like oil or labour. Recognition of this transformation, especially its implications for managerial decision‐making, is...

The United States has been a dominant force in industrial and economic affairs worldwide. Recently, this dominance has eroded to a point which concerns most US manufacturers. What has happened to the US dominant position in manufacturing? Why has this competitiveness crisis emerged? This crisis...

In his book _Growing Public_ (Cambridge University Press), Peter H. Lindert argues that the welfare state is a “free lunchâ€, i.e. has no negative effect on growth, and he uses Sweden to explain this finding, which he calls the free lunch puzzle. In this comment, I claim that Lindert...

This paper estimated the pass-though effects of yuan's exchange rates on prices of the US and Japanese imports from the People's Republic of China (PRC). Empirical results show that, a 1% nominal appreciation of the yuan would result in a 0.23% increase in prices of the US imports in the short...

China had been singled out by Western politicians and media for dragging its feet on international climate negotiations at Copenhagen, the accusations previously always targeted on the U.S. To put such a criticism into perspective, this paper provides some reflections on China’s stance and...