JOURNAL OF BEIJING UNIVERSITY OF AERONAUTICS AND A ›› 2002, Vol. 15 ›› Issue (4): 30-32.

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Six Misunderstandings about Economic Development

LI Xiao-ning   

  1. School of Humanity and Social Science , Beijing University of Aeronautics and Astronautics , Beijing 100083 ,China
  • Received:2002-02-28 Online:2002-12-25 Published:2010-10-16

Abstract:

The six misunderstandings about economic development are discussed and their brought-about harmfulness pointed out . The six misunderstandings are : considering competitiveness equal to technologylever , technology progress equal to R&D, the hi-techindustry equal to hightechnology , the economic relation betweentwo countries equal to competitive relation betweentwo enterprises , the leapingover of technology equal to the leaping-over of capital , and incomplete market systems equal to the failures of market .

Key words: economic development, factor endowment, technology

CLC Number: