What Components Bring Up Competitive Industries?

1306 WordsJan 4, 20166 Pages
In the past three decades, China has become one of the major contributors to science and technology.1 Currently China employs an increasingly large labor force of scientists and engineers at high earnings, and produces more science and engineering degrees than the United States at all levels, most in bachelors.1 Accounting for 35-75% of the world’s scientific activities, the United States is in jeopardy of losing its scientific dominance to China, thus, facing negative economic consequences.2 This news is astonishing given China’s previous and limited contributions to science, producing only 1% of top-cited scientific publications over the past several centuries.1 However, due to a combination of economic and social changes over the past four decades, China has not only strengthened their science and technology role, but made them one of the leading competitors on a global market scale.1 What components bring up competitive industries? A high-tech industry is, broadly speaking, an industry to which its success largely depends on its ability to keep up with rapid innovations in products or production process- or even both.2 Aspects like Microelectronics, biotechnology, new materials, telecommunications, civilian aviation, robotics plus machine tools, and computers hardware and software are all considered to be crucial elements to success in the current, global level of competition.2 If referring to China’s technological and scientific development over the course of 1900 to
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