Jason Barton

Professional Information and Energy News

The emerging world, long a source of cheap labour, now rivals the rich countries for business innovation

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These trends are also extremely important to apply to energy markets. In terms of energy and resources, it’s much more efficient to transfer technology than to transport physical resources such as petroleum or coal. In the past, we could have assumed the technology would come from the U.S. and Europe. Now China is ahead of the U.S. in clean energy technology, and Brazil is not far behind, in terms of biofuels and other areas as well.

IN 1980 American car executives were so shaken to find that Japan had replaced the United States as the world’s leading carmaker that they began to visit Japan to find out what was going on. How could the Japanese beat the Americans on both price and reliability? And how did they manage to produce new models so quickly? The visitors discovered that the answer was not industrial policy or state subsidies, as they had expected, but business innovation. The Japanese had invented a new system of making things that was quickly dubbed “lean manufacturing”.

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Written by Jason

April 17th, 2010 at 8:42 am