The intent of this paper is to put
forward a vision on Asian science and technology as the new century is
approaching. Starting with the current financial crisis, analysis will
be made in relation to the prevailing state of Asian science and technology.
Then suggestions will be presented in transforming the mindset of Asian
countries from the followers of the world science and technology to
lead in niche areas of science and technology. Issues related to the change
will also be outlined and discussed. |
The Asian Meltdown: Crisis and
Opportunity |
While the world is preparing to welcome
the new millennium, Asia has stumbled on a serious financial crisis which
started in Thailand in mid-1997 and spread to several countries in the
region. The once world-acclaimed Asian economic miracle suddenly turned
into a terrible menace. IMF has been asked to rescue the economies of
Thailand, Indonesia and South Korea. The rest is widely known among those
who follow the news. We all hope and wish that the worse is now over or
soon will be over. Then the Asian region will be able to get back on track
in time to greet the 21st century with full confidence and optimism. No
one doubts that it has been a crisis. However, the crisis can also be
turned into an opportunity for Asia to improve itself in preparation for
a better future. What can be learned from this expensive lesson? How can
it be prevented from happening again? These are some of the key questions
in the mind of many. Answers to these questions vary depending on
the professions and the backgrounds of the persons. Economists and financial
professionals already have made known their analysis and recommendations
that include fiscal disciplines, infrastructure reform and currency devaluation.
Politicians and social scientists emphasize the importance of building
confidence and preventing social unrest while business professionals and
industrialists concentrate their efforts on exchange rates, export, cash
flow and balanced budget. Although all these factors contribute to helping
the Asians to ride out of the current financial turbulence, none can ensure
that a similar crisis will not happen again in the future. To avoid future
trouble, a good understanding of causes of the financial crisis
is essential. The followings should form the central part of the sought-after
answers |
| Asians as World Consumers |
The population in Asia is still growing.
It has been estimated that half of the world population at the turn of
the century will be Asians. Most of the megacities in the world will be
situated in Asia. Moreover, Asians are generally conscious about progress
and advances in the West. Globalization and free flow of information further
enhance the Asian sense and desire for modernity in such things as clothes,
life style, utilities and industries. Looking West is easily understood.
After the World War II, the world has witnessed the power of Western technology
in rebuilding many war-devastated countries, industries and economies.
Several Asian countries long to achieve similar degree of development
and industrialization and practice export-led policy. As export-generated
wealth accumulates in Asia, their purchasing power rises and the
region quickly becomes a big world market for goods and services from
the West. The East-West trade then accelerates in full force. Imported
technology in combination with abundant raw materials and cheap labor
constitutes the successful production and business. So the Asian miracle
is in full bloom. Asians become addicted to the material wealth and dependent
on low-interest foreign loans to expand the business. Easy money and good
business, no one can refuse. It may be said that we develop using the
other�s know-how and technology. Need to develop Asian technology is recognized
but it not urgent. We rather consume Western technology and the products
of Western technology. Only one thing is wrong about all this. When the
system is short-circuited by the currency devaluation (that transforms
the cheap foreign loans into expensive ones overnight) and the effects
of the financial turmoil spreads, the Asian boom suddenly turns into a
disastrous bust. |
| Asians as Weak Innovators. |
Although the above brief analysis
is generally sound and the fiscal measures taken should put Asia back
on track, the crisis may recur in the future. Most of us fail to recognize
that the financial fix is only short-term but the long-term solution has
to come from development of own technology. Already Asian natural resources
are scarce and Asian labor has become more costly. With these two drawbacks,
Asia will not be competitive in the future. To stay competitive, Asia
must now develop its own technological advantage. Unfortunately, Asia
so far lacks the desirable technological advantage and will not have it
if Asia continues to depend on using other�s technology. In recent history,
Asia has a rather unimpressive record of innovations and technological
development. Among numerous globally successful products and innovations
in recent time, few can be said to be associated with Asians. Being behind,
Asia has long pursued the strategy of catching up with the West in science
and technology. We learn from them, we copy them and we buy from
them. The conventional development proceeds through 5 I�s, from imitate,
improvise, improve, innovate to invent. Asia has not gone beyond the first
2 0r 3 I�s. Why do we seem to make do without innovation and invention?
It is not because we are incapable but we have not been pushed to try
harder. The current economic crisis (the Asian Meltdown) is a strong push.
So try we now must. |
Change of the Mindset: From Catching Up to Winning |
| Even though Asian science and technology
in general lags behind those of Europe and the United States, in some
areas such as agriculture and health Asia is not so far behind. In fact,
Asia has some geographical advantages and specific niches in such things
as biodiversity and traditional medicine. Until recently Asia has been
playing the catch up with the West and the Western progress in science
and technology. While catching up has been necessary for gaining certain
fundamental expertise, it is insufficient to win the race. Winning will
be crucial to transform Asians from being net technology consumers to
net technology producers. Only then, Asia can become strong enough to
withstand any future financial turbulence. In my view, winning over the
West in science and technology is not an option but a necessity for future
survival of Asia. So far no Asian country has really adopted the winning
strategy. Most still continue to be followers rather than to leaders.
So a change of the Asian mindset must now begin. To the skeptics who may
think the change of the mindset sounds unrealistic, it should be pointed
out that it is possible if Asia starts adopting the following strategies.
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| To Begin |
A starting point must be found in
the rough road map outlined above. This gathering is certainly a good
forum to debate this idea. After some deliberation if we are convinced
that the global landscape of science and technology in the next millennium
has to be more balanced, we must persuade our leaders to join us in taking
the first step of changing the mindset. Then we shall begin making the
subsequent changes that should bring about a more harmonious world in
the next century. |
| Any Pitfalls? |
Certainly extreme care must be taken
in making the changes. Some mechanism must be agreed upon in order to
initiate the formulation of appropriate Asian research centers and research
programs. Funding must be found. It is to be hoped that, the crisis in
Asia will be over soon and the funding prospect will be brighter in the
near future. Coordination between the regional research and national research
will have to be put in place to ensure a fair share of the benefits among
the participating members. Competition and collaboration among countries
are both necessary in the future. Ways must be established to ensure fair
and beneficial competition and collaboration. If and when these and other
related issues are properly handled, not only Asia will be a better place
in the world but the world as a whole will also be better in the next
millennium. |
Presented in the Fifth Asian Conference
on Scientific Cooperation "Urgent Tasks Facing Science in Asia�Towards Sustainable Development", 11-13 March, 1998, Tokyo, Japan. |