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Блог Михаила Прохорова
"You asked for it". 
21st-Jul-2008 01:48 pm
Han Solo's smile
Dear guests, 

in response to popular demand, I have had a translation done of my latest thesis on the innovation economy in Russia. The text is available on my page: http://www.mprokhorov.com/documents/ProkhorovspeachFinal020708.pdf.
 

Best, 

M.Prokhorov
Comments 
21st-Jul-2008 05:34 pm (UTC)
Dear Mikhail,

Thank you very much for the English version of your thesis. I have carefully read it again.
I just want to add something to my previous comment. I do believe that any changes provided will not lead to reinventing the wheel. The innovation breakthrough is not an easy process and some lessons really should be learnt from other countries. The Chinese model is very special and it should be mentioned that Chinese goods in any markets have an advantage characteristic, they are cheaper than the relative ones of other countries and thus win in the price competition becoming so popular among customers.
From the economical point of view this winning significantly increase demand as well as supply of the product and displace other relative goods from the market. China becomes a monopolist in many fields and that is not a good tendency. At least it decrease the quality of products. The government can regulate the competition in the market and support domestic producers, but its legislation will depends on priorities of the political development of the country.
I share many of your desires in this process and wish you to realize them.

Good luck,
Elmira
21st-Jul-2008 06:52 pm (UTC)
Good evening, Elmira.
I too consider, that quality is one of the most important properties of the goods and it is necessary to aspire to it.
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