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Did the Crash Spook China?
Edward Tse is Booz & Company’s senior partner and Chairman for Greater China (Shanghai, Beijing, Hong Kong and Taipei). He has over 20 years of management consulting and senior corporate management experience and is widely known as a pioneer in China’s management consulting field. He is a member of the Consultative Editorial Board of Harvard Business Review Chinese Edition and is a frequent speaker on Greater China's industry and regulations at business conferences and government forums. His articles have appeared in such publications as Harvard Business Review, Forbes, and China Daily. His book "The China Strategy: Harnessing the Power of the World's Fastest-Growing Economy" was published by Basic Books in 2010. He lives in Hong Kong and Shanghai.
Question: Is China trying to mimic the economic rise of its East Asian neighbors?
Edward Tse: Actually as China started this economic reform back in the late ‘70s, you know, China was looking out to other economies to try to sort of learn from other economies about experiences and so on, because China was really struck about how backward China was compared to the rest of the world, so the first series of economy studies China tried to learn from were Hong Kong, Taiwan, Singapore, the so called tiger states and they you know they learned something and then the next stage of countries that you know the Chinese were trying to learn from were Korea, Japan, you know, the so-called East Asian model, and then the first stage was you know many of the western countries, the western European countries, America and so on and the Chinese were just, you know, very curious about what can work and not work. And of course, you know, every of these markets or countries or economies are very different because the context are very different. China is huge. China is, you know, in a way, you know, to start with a very low base, so how can China sort of accelerate this process, so China would need to learn from the very best from the rest of the world and I say that you know China has picked up very different things from different economies in the whole process of learning from these various economies, but one thing that is in a way is also quite shocking to the Chinese was what happened in the global financial crisis back in the late…2008, and to the Chinese, you know, the abrupt collapse of the financial system and the collapse of many corporations in the west was a major shock to the Chinese, so it leaves some questions for the Chinese of you know what is actually the best operating model. I don’t think the Chinese also have figured it out, but we certainly have learned a lot during this process.
The financial meltdown caught China off guard—and may make the country hesitate to follow Japan and other East Asian neighbors into full-fledged capitalism.
Educators and administrators must build new supports for faculty and student success in a world where the classroom might become virtual in the blink of an eye.
- If you or someone you know is attending school remotely, you are more than likely learning through emergency remote instruction, which is not the same as online learning, write Rich DeMillo and Steve Harmon.
- Education institutions must properly define and understand the difference between a course that is designed from inception to be taught in an online format and a course that has been rapidly converted to be offered to remote students.
- In a future involving more online instruction than any of us ever imagined, it will be crucial to meticulously design factors like learner navigation, interactive recordings, feedback loops, exams and office hours in order to maximize learning potential within the virtual environment.
Placing science and religion at opposite ends of the belief spectrum is to ignore their unique purposes.
- Science and religion (fact versus faith) are often seen as two incongruous groups. When you consider the purpose of each and the questions that they seek to answer, the comparison becomes less black and white.
- This video features religious scholars, a primatologist, a neuroendocrinologist, a comedian, and other brilliant minds considering, among other things, the evolutionary function that religion serves, the power of symbols, and the human need to learn, explore, and know the world around us so that it becomes a less scary place.
- "I think most people are actually kind of comfortable with the idea that science is a reliable way to learn about nature, but it's not the whole story and there's a place also for religion, for faith, for theology, for philosophy," says Francis Collins, American geneticist and director of the National Institutes of Health (NIH). "But that harmony perspective doesn't get as much attention. Nobody is as interested in harmony as they are in conflict."
Studying voice recordings of infected but asymptomatic people reveals potential indicators of Covid-19.
A leading British space scientist thinks there is life under the ice sheets of Europa.
- A British scientist named Professor Monica Grady recently came out in support of extraterrestrial life on Europa.
- Europa, the sixth largest moon in the solar system, may have favorable conditions for life under its miles of ice.
- The moon is one of Jupiter's 79.
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A study finds people are more influenced by what the other party says than their own. What gives?
- A new study has found evidence suggesting that conservative climate skepticism is driven by reactions to liberal support for science.
- This was determined both by comparing polling data to records of cues given by leaders, and through a survey.
- The findings could lead to new methods of influencing public opinion.