A Quote by John Quelch
Instead of being focused on teaching what we already know, we now have to be focused on creating new knowledge that is China-based, because it's absolutely clear that China is going to shift from a production economy to a knowledge economy.
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As a matter of fact, Latin America's economy is almost as big as the economy of China. We're all focused on China. Latin America is a huge opportunity for America - time zone, language opportunities.
The knowledge we now consider knowledge proves itself in action. What we now mean by knowledge is information effective in action, information focused on results. Results are outside the person, in society and economy, or in the advancement of knowledge itself. To accomplish anything this knowledge has to be highly specialized.
China's energy is very much focused on coal, and the economy is very focused on heavy industry, which is carbon intensive, so restructuring won't be easy.
Our current expectations for what our students should learn in school were set ?fty years ago to meet the needs of an economy based on manufacturing and agriculture. We now have an economy based on knowledge and technology.
A paradigm shift, where, in addition to, physical inputs for farming, a focused emphasis placed on knowledge inputs, can be a promising way forward. This knowledge based approach will bring immense returns particularly in Rainfed and Dryland farming areas.
You American people worry too much about the China economy. Every time you think China is a problem, we get better, but when you have a high expectation for China, China is always a problem.
A paradigm shift, where, in addition to physical inputs for farming, a focused emphasis placed on knowledge inputs can be a promising way forward. This knowledge-based approach will bring immense returns, particularly in rain fed and dry land farming areas.
Physical infrastructure remains important (particularly in developing nations), but concurrently investing in the development of a knowledge-based economy is essential to sustaining healthy economic growth and creating well-paying jobs in a highly competitive, ideas-driven global economy.
This is official today. China has surpassed the U.S. and now has the No. 1 economy in the world. After hearing this, China's children asked, 'So now can we take a lunch break?'
We all know that China is industrializing at a growth rate of 8 to 10 percent per year. China is on track to pass the U.S. as the largest economy in the world in 20 to 25 years, and China is determined to give its people a chance at this high standard of living that we enjoy.
We can pretend that China is not there. But China is there, and unless we put our economy on the right track, it is going to overwhelm us completely.
Today it's fashionable to talk about the New Economy, or the Information Economy, or the Knowledge Economy. But when I think about the imperatives of this market, I view today's economy as the Value Economy. Adding value has become more than just a sound business principle; it is both the common denominator and the competitive edge.
Instead of the primitive raw material economy, we will create a smart economy generating unique knowledge, new useful things and technologies. Instead of the archaic society, in which the leaders think and make decisions for everyone, we will become a country of intelligent, free and responsible people.
China is a BRIC country. BRIC country means Brazil, Russia, India and China. This emerging economy really is helping the revival of the world economy.
We are in a global economy whether we like it or not. And we believe - I believe - that America should be at the table writing the rules of the global economy instead of China.
I will stay very focused on my responsibilities as Secretary of Commerce and the economy's doing well. I mean, you asked about some of the challenges that we have or what is going on in the world and you know I, I'm pleased to report that the economy is doing extremely well.
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