Adam Segal, author of “Advantage: How American Innovation can Overcome the Asian Challenge”, says Asia’s threat to American technological leadership is overstated. China’s research output is soaring, but much of it is poor-quality or based on plagiarism. Chinese companies are seizing market share in solar panels and wind turbines largely because of low manufacturing wages, says Mr Segal: “They have made no major breakthroughs in any of the underlying technologies.” R&D spending in India is minuscule.
4 p0 p- J' P& G8 D1 q The real problem for America is not its innovative capacity, but the fact that its benefits go to relatively few. This is illustrated by a recent paper by Michael Spence and Sandile Hlatshwayo, both of New York University. They divided jobs among tradable and non-tradable sectors. Tradable sectors include manufacturing, commodities and services such as finance and engineering that compete globally. Value-added per person, a proxy for productivity, rose sharply in this sector, but the number of jobs actually declined between 2000 and 2008. The opposite was true in the non-tradable services such as government and health care. There real value-added rose only sluggishly, but employment expanded significantly. Behind this, says Mr Spence, is the trend of American multinationals to keep the highest value-added activities at home while shifting lower value-added activities, such as manufacturing, abroad.
* W( j+ X( O+ l8 `! w: \5 {, X Qualcomm, a developer of mobile-phone chips and technology based in San Diego, earns roughly 40% of its revenue from licensing and royalty fees for technology developed primarily in America, where three-quarters of its employees work. Last year it spent $2.5 billion, or roughly 20% of revenue, on R&D for such projects as developing Mirasol, an easy-to-read, energy-efficient phone display. Paul Jacobs, the company’s boss, complains about high corporate-tax rates and the difficulty of getting immigrant visas for foreign-born engineers and scientists, but maintains that America is not about to be superseded as a centre for innovation. In California Qualcomm has access to the best college graduates and a pool of ideas and recruits generated by a nexus of established and start-up companies.1 2 尾页 |