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Jeff Ding on US vs China AI and Lessons from Past Industrial Revolutions

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Fundability and Economic Growth Dynamics

This chapter explores the interplay between fundability and sustained economic growth, focusing on productivity as a key driver, especially in China's economic evolution. It examines the role of General Purpose Technologies in enhancing national competitiveness and critiques short-term policy approaches in favor of long-term innovation strategies. Drawing from historical industrial revolutions, the discussion highlights the importance of collective technical skills and the ecosystem needed to maximize technological impacts.

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