Vol 2 Chapter 412: : Interview

? Zhao Xin also knows that it is very difficult for business leaders at his level to get exclusive interviews, and Ye Hua is very maverick and rarely speaks in the public eye. Other big names are Attend various business forum summits and appear frequently. The exchange forums he has participated in so far are few in number.
After sorting out his words, Zhao Xin glanced at his partner carrying the camera, and confirmed that he began the official interview: "As the founder of the Coastline Group, you can say without exaggeration that you and your company are now almost the rain of the world economy. The watch, especially the technology industry, is like during the previous press conference, you said that the international crude oil market immediately reversed ... "
After hearing the words, Ye Hua interrupted with a smile: "I have to say something in advance. Some of my right to speak is to talk after meals, but don't take it seriously. Don't come to me when you're in trouble, just throw the pot away. "
Zhao Xin couldn't help but smile, and after adjusting it a little, she continued: "Then at the recent seminar, you and many foreign scholars exchanged many topics, including science and technology, cross-regional platform cooperation, economic exchange, especially It is you and the American economist and master of management that Harvard University doctor of economics Edward Lazaire's economic thesis is very exciting, easy to understand and impressive today, I did not expect you to be an outstanding person besides scientists and entrepreneurs. economist."
After listening to this, Ye Huadan calmly said, "Frankly speaking, I am not an economist, nor have I systematically studied and studied economics. I have not positioned myself as an economist. I have positioned myself as a scientist. It should be said that it is a technical engineer. I have not yet reached the realm of scientists. After all, I am still an entrepreneur. In addition, to offend people, most economists speak for business interest groups. They do n’t have the real scientists and technical engineers to be practical. the spirit of."
Indeed, the reputation of today's economists is getting more and more foul. If Zhao Xin responded in her heart, she would not have dared to say that Ye Hua was so disregarded.
However, as one of the gold medal reporters of "Jinghua News Agency", Zhao Xin's interview experience is undoubted, and he quickly said cleverly: "Anyway, your views on the world economy at the seminar were very unique. It can be understood that, you From the beginning, he did not look at economics with an attitude of economics, but came from a different angle and looked at it with a flat view. Therefore, he did not learn theology, and was therefore sharper and more critical. "
Ye Hua: "It is worthy of being a reporter from Jinghua. It seems that Ms. Zhao are you going to let me as a layman speak inside? Do you want me to be ugly?"
Zhao Xin: "Mr. Ye was laughing and joking. In this interview, we hope to be able to share, disseminate and exchange economic knowledge from your perspective."
Ye Hua: "I have been on your thief ship and can't run without leaving something, haha."
Zhao Xin smiled kindly, and Ye Hua looked at her and laughed immediately: "Again, some of my right to speech should be post-meal talks, but don't take it seriously!"
At the end, Ye Hua combed through the words in his heart, organized the language and said:
"I really learned a lot from the exchanges with foreign scholars at the seminar. Such exchanges can not only improve myself but also be more interesting. The two sides were talking about the world economic situation. Mr. Razelle moved out of the fashionable theory of neoclassical economics. , I remember he looked surprised at me at the meeting and asked me how China ’s economic growth is so fast? Western economists have studied for a long time and do n’t know the reason for such a rapid growth. Then Mr. Razelle's words were sharp The debate said, you Chinese are completely Hulai. "
"What a sweatshop, plagiarism of advanced Western technology, etc."
"I said technology stealing. Why do n’t you workers in the sunset industry in the northern United States go to Silicon Valley? Is n’t it easier for you Americans to steal Americans? It ’s easier for the Philippines to steal American technology than for our Chinese, and the Philippines is not blocked by technology. What about us? Batumi, the Wassenaar agreement greeted us in a series, so he said nothing even logical. "
Zhao Xin laughed: "The scene of Mr. Edward Razer's red-faced ears is still fresh in my mind."
Ye Hua: "So what is the logic of Mr. Lazaire? I think there are two logic theories, one is Solow's growth theory, which is the so-called 'total factor productivity', referred to as TFP, also called ' Total factor productivity '. "
"What does Razaire mean? He said that the law of economic growth is called constant return to scale. For example, if I doubled the scale, the revenue did not actually increase. Most companies think that the return to scale is decreasing, which means that The bigger I do, the lower the efficiency. Will it be collected when it is good, or will it be balanced? In other words, it means that the government will not interfere. "
"But is that actually the case?"
"Obviously not. If Solow's theory is correct, then the world's economic development speed will converge. What is equivalent to it? Equivalent to population growth, so now the West is getting older and the growth rate is getting slower."
"But can this theory explain how fast we have maintained growth over the past few decades? Can it explain India has grown so fast? Obviously not, because the actual situation is that the growth rate is much faster than population growth, and our current population growth is around 5 At that time, the economic growth rate did not say that there are now more than 6:00, don't look at the gap between 5, 6 is not big, but you have to see how big our base is, and how big the final absolute value is. This is supported by data, and the language will Deceit, data won't lie. "
"And one of the most ridiculous aspects of Solow's theory is that he has a good name for the factors that cannot be understood in the driving force of economic growth-total factor growth rate."
"For scientists and engineers, I do n’t know but I do n’t know. You have to count the economic growth so fast. You have to deduct the contribution of labor, the contribution of capital, the contribution of population, what is left? Is progress in science and technology? "
Zhao Xin: "The technological advancement brought by the Coastline Group as a high-tech company has stimulated economic growth."
Ye Hua: "Let ’s just talk about the coastline. Even a company with a promising giant company structure is still a company. Scientific progress is absolutely like our technology research. The goal is very clear, that is, continuous improvement, upgrade, and subversion. Like drunks It ’s just as frustrating, will technology improve?

"Solo calculates the remaining pile of residue and does not know what it is. Here comes a total factor growth rate."
"The scientists and technical engineers are very sincere. I don't know what this is. I can honestly say it. I don't know. It has to be explained."
"According to Solow's theory, it is a ridiculous result. China ’s economic growth rate is much higher than that of the United States, so it is said that China ’s TFP is not as good as that of the United States, and if China ’s marketization, the economy can be faster than it is now.
Zhao Xin: "Mr. Ye is as sharp as ever."
Ye Hua: "Oh, actually, I want to disprove Solo ’s theory is very simple. I took a contrary theory and hit him back. They also proposed it in the West, called" endogenous growth theory ". There is a seemingly reasonable but actually The wrong theory is that knowledge is accumulated. "
"Well, then Britain was the initiator of the Industrial Revolution. Of course, according to this logic, Britain has accumulated a lot of knowledge. Go to Oxford and Cambridge in the UK to check. The knowledge collected by the British is definitely more than that in the United States, right?"
"Then I ask you that there is technology in the UK's economic growth now, which is better than the United States? Not necessarily?"
"So from this article, you know that Solo's theory is extremely unreliable. Why? His theory is to assume that the accumulation of knowledge is an increase in scale, which means that the larger the scale, the faster the increase. If this is true, He predicted that the gap between the North and the South will become wider, and the richer the richer and the poorer the poorer. If his theory is reliable, then according to his theory, there is no hope for the rise of developing countries, and the emergence of emerging companies does not subvert the old The hope of the giants, right? "
"But the reality? China Huaxia has taken off! India's growth has also been good in recent years, and there are other emerging market countries, as well as companies."
"And what do we see in the real world? Some big nations rose and some fell down. The United States took off after the war. The former boss of Britain became the younger brother of the United States, right, now the United States is in decline. Global consensus is that Huaxia is fully taking off. "
"Some companies have risen to become new rising giants, while others have fallen. Google, Facebook, Huawei, these newly rising super multinational giants, Sony, Motorola, and Nokia have closed down. They have fallen."
Zhao Xin: "Mr. Ye, have you forgotten the most dazzling coastline group that should not be ignored?"
Ye Hua: "Of course I know this, but I am not the founder of the coastline. Isn't it a bit of bragging when it comes to talking about it, although I know it ... forget it, forget it, haha."
Zhao Xin: "Oh, good."
Ye Hua: "So several families are happy and some are sad. My conclusion is that it is neither a convergence of exogenous growth nor a divergence of endogenous growth, but a professor of physics and economics at Fuda, Professor Chen Proposed theory of metabolic growth. "
"To explain Professor Chen's theory of metabolic growth, it is necessary to re-understand the Adam Smith problem. The Smith problem is contradictory. He has a guess. Here I want to criticize it. Smith did not dare to write it in his title. When he discussed the need for government intervention in international trade, he said an analogy, an invisible hand, and a story. "
Zhao Xin: "What story?"
Ye Hua: "The story says that the Netherlands is a coachman at sea, and trades a ship of food from Cornisberg to Portugal, but it cannot always be returned by empty boat? So when you go back, you can load wine and other products. From this, Adam Smith believes that trade is automatically balanced. "
"Is it really balanced? A very simple question, then I ask Ms. Zhao, do you think that the grain of this boat and the boat of wine ~ EbookFREE.me ~ will they be of equal value?"
Zhao Xin: "Of course not. A boat of wine is definitely more expensive than a boat of grain. It's like shipping a boat of PHC2.0 to the United States and selling it can cost tens of billions of dollars. Loading a boat of soybeans may cost tens of millions. It's a problem that everyone knows. "
Ye Hua: "So you don't need to say more about the conclusion. Let me give you a few more examples. Why did Britain fight the Opium War? This can be answered with economic questions, because the British love to drink Chinese tea and the UK continues to have a trade deficit After the Opium War, there was no balance. Finally, tea had to be planted in northeastern India. To be shipped out, we had to use visible hands to build the railway. It took about 170 years to balance the trade; another For example, how many years has the U.S. continued to run a trade deficit from 1971 to the present? Is it balanced? Not necessarily. "
"So holding on to textbook doctrine, after reading a few books on Western economics, I think the market can automatically balance trade ... no, yes, yes!"
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