What price the value of technology?
- From: Vol 10, Issue 12 (December 2009)
- Category: Opinion
- Region: Asia
- Country:
- Related Companies: Hydranautics and Norit
Charles Bodhi asks if history will repeat itself in the membrane industry.
There is a view in economics called the Real Cycle Business Theory, which argues that market fluctuations stem partly from technological advances, which in turn impact labour and capital productivity, and hence supply and demand. Like almost any new technology, membrane prices were stratospheric in the 1960s, but when the market picked up the signal for strong demand, competition and ...
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