原创 夏春 财经智识 2021/4/26，來自FT中文網
by Zak Dychtwald
From the Magazine (May–June 2021), Harvard Business Review
Long considered a global copycat, China is now home to many of the fastest start-ups to reach a $1 billion valuation globally. Whatever has propelled Chinese companies to the top, the metrics we use to evaluate innovation have missed it. The author argues that China today has a resource that no other country has: hundreds of millions of people who have lived through unprecedented amounts of change—and who, consequently, can adopt and adapt to innovations at a speed and scale unmatched anywhere else on earth. Those hyper-adaptive and hyper-adoptive consumers are what make China so globally competitive today. But competition with the Chinese should not be considered a zero-sum game. Foreign companies would do well to seek to learn from China’s newly powerful example.
STUDYING THE IMPACT OF CHINA’S RISE ON WORKERS, FIRMS, AND MARKETS
The research presented here, conducted by Professors David Autor (MIT), David Dorn (University of Zurich), Gordon Hanson (Harvard Kennedy School), and research partners, studies the economic benefits and costs of trade integration. The costs include distributional impacts, which economic theory has long recognized, as well as adjustment costs, which formerly have been underestimated. The case study of China’s rise thus informs broader theory about global trade that can be incorporated into economic policy.
Paul Krugman 12 April 2021, VOXEU
Nobel Laureate Robert Mundell passed away on 4 April 2021. In this column, Paul Krugman describes the evolution of Mundell’s contribution to economic thought and policy, from his early pathbreaking models that remain the foundation of modern international macroeconomics to his later views that were more controversial and less influential in the profession. He also offers an explanation of how the man who brought Keynesian analysis to the open economy and highlighted the difficult tradeoffs in creating a currency area could come to be seen as the father of both supply-side economics and the euro.