Topic updates
Comparative Advantage: China (Finally) Masters the BallPoint Pen
3rd February 2017
This is a vivid illustration of the growth challenges facing China as it seeks to move away from "Assembled in China" to "Designed and Made by China."
China manufacturers nearly 40 billion ballpoint pens a year (the video is a brilliant clip on economies of scale) but it has taken them years to master the manufacturing of one absolutely key component part!
- Economics
- Blog
- Topic updates
- China
- Comparative advantage
- Economies of scale
- Innovation
- Middle-Income Trap
Geoff Riley
Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.
You might also like
Economic Growth - Innovation
Study Notes
Amazon's Dash Button - Dynamic Efficiency at Work?
1st April 2015
250 Years of Capitalism - Positives outweigh the Negatives
28th August 2015
The Future of China's Economy
11th November 2015
Selected Sources of Reading on China
Study Notes
Chinese businesses continue their overseas acquisitions
22nd April 2016
Trump's Tariff Threat - Bad News for US Sneaker Lovers
23rd December 2016
SEZ and Hot Property in China
4th April 2017