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The clone theory was correct while China was a low wage economy. But it has ceased to be the case quite recently (obviously the future is not evenly distributed
by dreamfactored 9y ago
The clone theory was correct while China was a low wage economy. But it has ceased to be the case quite recently (obviously the future is not evenly distributed, particularly in such a diverse and rapidly expanding economy - so you will still see copying for years to come but this doesn't represent the strategic direction). As I've pointed out elsewhere, China in fact has no option but to compete via design and innovation, just as the US, Japan, and Korea have done during their economic developments. 'Made in Japan' for example used to be the signifier of a cheap shitty knockoff - that seems extraordinary to most millennials today.