張忠謀對半導體供應鏈在地化的致詞引起矚目,我將全文的翻譯,分享給大家:
張忠謀APEC非正式領袖會議致詞全文:(中文在後)
This Informal Retreat has been called to discuss how Asia-Pacific can collaborate to move through the COVID health crisis, and to accelerate the post-COVID economic recovery. Chinese Taipei will address these two topics specifically.
On COVID-19, Chinese Taipei has had an excellent record so far. With a population of 23 million, over the last year and half, and in spite of a recent surge which has now abated, we have had a total of about fifteen thousand infected cases (.07% of the population), and 763 deaths (3 out of one hundred thousand).
We believe that our experience and know-how gained can help other APEC members. We have been, and continue to be willing to help. We have donated masks and other medical supplies to other APEC members in the past and are ready and willing to share our anti-COVID-19 know-how with you.
At the same time, WE NEED HELP! Our vaccination coverage at present is less than 20%. Although the U.S. and Japan have been generous in donating vaccines to us, and our private institutions have succeeded in procuring ten million doses of vaccines, we still need more vaccines, and need them sooner! Most other APEC members need help as well. We must ask for help from the APEC members that possess and produce more vaccines than they themselves need.
On re-vitalizing Post-COVID economy, Chinese Taipei urges free trade among APEC members and in the world, after giving consideration to vital national security needs.
In the past seven decades, free trade has enabled vibrant growth in most APEC economies. Free trade is merely a way in which each APEC economy contributes its own competitive advantage and every APEC member benefits.
Recently, however, we note with concern the tendency to want self-sufficiency or “on-shoring” of semiconductor chips. We must point out that in the past many decades free trade has greatly helped the advance of semiconductor technology. In turn, the ever greater complexity of the technology has caused the supply chain to go “off-shore”.
It would be highly impractical to try to turn back the clock. If it is tried, cost will go up and technology advance may slow. What may happen is that after hundreds of billions and many years have been spent, the result will still be a not-quite-self-sufficient, and high-cost supply chain.
We do recognize national security concerns, and believe that for security applications, a self-sufficient supply chain within one’s own borders is prudent. However, for the much larger civilian market, a supply chain substantially based on free trade system is by far the best approach.
In summary, on COVID-19, Chinese Taipei can help, is ready and willing to help with its know-how, but also needs more vaccines sooner, along with many other APEC members. On Post-COVID economic re-vitalization, Chinese Taipei urges free trade, after giving consideration to vital national security concerns.
(中文翻譯)
此次非正式領袖會議召開的目的是討論亞太地區應如何合作以度過新型冠狀病毒(COVID-19)疫情危機,並加速疫後經濟復甦。中華台北將就這兩個議題表達看法。
面對新型冠狀病毒(COVID-19)疫情,中華台北迄今維持傑出防疫紀錄。我們有兩千三百萬人口,儘管近期疫情曾一度升溫,但目前業已趨緩,在過去超過一年半的時間中,總確診病例數約為一萬五千例(佔總人口0.07%),其中死亡病例數為763例(約為十萬分之三)。
相信我們在過程中得到的經驗與知識能夠協助其他APEC成員。我們持續地願意提供協助。過去我們曾捐贈口罩與其他醫療物資予其他APEC成員,現在也準備好與你們分享我們抗疫的知識。
同時,我們也需要幫助!目前我們的疫苗注射覆蓋率低於20%。雖然美國與日本已慷慨捐贈疫苗,我們的民間機構也已成功採購一千萬劑,我們仍然需要更多數量的疫苗,而且需要儘快取得!其他多數的APEC成員也需要幫助。我們需要向目前擁有並生產超過他們自身所需疫苗數量的APEC成員尋求協助。
針對疫後經濟復甦,中華台北敦促APEC成員,在考慮重要國家安全需求後,彼此間及與全球進行自由貿易。
在過去70年,自由貿易使多數APEC經濟體蓬勃發展。自由貿易僅是各APEC經濟體貢獻自己的競爭優勢,而其他APEC成員藉此受惠的方法。
然而近來,我們很關切要求「境內」半導體晶片自給自足的趨勢。我們必需指出,過去數十年的自由貿易大幅促進半導體技術發展。因此,越趨複雜的技術致使供應鏈走向「境外」。
試圖讓時光倒流是相當不切實際的,如果嘗試讓時光倒流,不僅成本將會提升以及技術的進步可能放緩。在花費了數千億與許多年的時間之後,結果仍將是無法充分自給自足且成本很高的供應鏈。
我們認同國家安全的顧慮確實存在,也相信針對國安應用,在國境內存有一個能夠自給自足的供應鏈是審慎的作法。然而,針對規模大得許多的民間市場,一個基於自由貿易體系的供應鏈是最好的作法。
總結來說,針對新型冠狀病毒(COVID-19)疫情,中華台北能夠協助,我們也願意、並準備好以自身的知識與經驗提供協助,但也和其他許多APEC成員一樣,需要儘快取得更多疫苗。關於疫後經濟復甦,中華台北敦促在考慮關鍵國家安全需求後,應該採取自由貿易。
同時也有3部Youtube影片,追蹤數超過6萬的網紅Herman Yeung,也在其Youtube影片中提到,Note download 筆記下載 : https://hermanutube.blogspot.hk/2016/01/youtube-pdf.html -----------------------------------------------------------------------...
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- 關於competitive advantage中文 在 Herman Yeung Youtube 的精選貼文
competitive advantage中文 在 貓的成長美股異想世界 Facebook 的最佳貼文
🌻本周末的估值會議(全程是用中文; 免費), 請有興趣參與的朋友看一下:
繼上次的年報導讀會議後, 讓我們再做另一個會議! 這次很榮幸邀請到一位對估值很有見解的股友前輩來帶大家了解估值(恩, 這次我會是主持人, 不是主講人).
主題: 估值(valuation)分享會(Cat: 這不算是基礎的估值會議)
主講人: 小揚(from安泰價值投資)
https://www.facebook.com/antaiinvestment (此為小揚的粉絲頁)
參與者: 具基本估值能力. 若打算參加者, 請事先跟我(請私訊)提出一個關於估值的case study, 到時候可在會議中分享(最好是以投影片形式呈現, 這樣到時候好跟大家分享). 若有估值的問題, 也可以提出.
Case study可以是美股, 也可以是台股.
(P.S. 因為主題有點難度, 所以不鼓勵旁聽, 因為吸收效果會不好. 不過若有讀者實在是很有興趣, 請私訊.)
時間: 台灣時間07/10 (周六)晚間9點. 預計一個小時(不會像上次那樣冗長了😅): 前30分鐘由小揚做分享, 後30分鐘大家分享估值案例&提問
進行方式: 以Zoom進行(之後會私訊會議資訊給參與者)
🌻好股介紹(不是推薦): Pool Corporation (POOL)
美股裡面最會漲的個股, 除了科技股外, 就是民生消費股了.
今天在整理資料的時候, 發現了一家好公司. 介紹(不是推薦)給有興趣進一步研究的讀者.
POOL是一家做游泳池的公司. 有競爭優勢(有市佔, 管理層好, 財務管理好). 過去五年漲了4.5倍.
公司網站: https://www.poolcorp.com/
Pool Corp. (ticker: POOL) is the nation's largest distributor of swimming pool supplies and parts, with a small irrigation business as well. It is larger than its next 52 competitors combined, but a fragmented industry means it still has a long runway for growth.
“Pool has everything we look for in terms of a sustainable competitive advantage: good core business, management team and financials," says Tim Holland, portfolio manager at Aston/Tamro Funds.
資訊來源:
https://www.barrons.com/articles/SB50001424053111903843804579535632354750784
🌻復盤2010科技股
有人說, 今年科技股像是2010年, 漲不太起來.
好奇心驅使下, 我去挖了點資料.
結果發現, 2010那時候Netflix漲很多(226%), 還是當年最會漲的一隻股. 而那時候NFLX還是高成長股, 也有獲利.
那年NFLX的年營收成長是40%+
—> 是不是營收成長越高, 股價就會越衝? 值得投資人思考.
所以原本就投資secular growth的投資人, 若不想換策略, 就還是專注在secular growth的個股. 只是挑股要嚴謹.
The Best-Performing Stocks of 2010
https://money.usnews.com/money/blogs/flowchart/2010/12/28/the-best-performing-stocks-of-2010
Top Performing Stocks of 2010
https://www.cnbc.com/id/40862453
NFLX2011年報:
https://s22.q4cdn.com/959853165/files/doc_financials/annual_reports/NFLX_10K.pdf
🌻我平常做的功課
曾經有幾位股友問我平常會看甚麼資料, 訂甚麼刊物.
目前我有訂閱的是: Barron's, IBD(investors.com), WSJ, Seeking Alpha.
固定看的網站: CNBC
每季做的事情: 看&整理公司季報結果.
平常有空會看看公司的新聞(其實若重要的事件, 高層在發表財報的時候也會提).
Picture: 美國國慶日周末, 與朋友到湖邊烤肉, 順便消暑(熱熱熱!) 過去幾年, 每次去人都很少的湖邊公園, 這次竟然人滿為患! 美國人顯然悶壞了........
competitive advantage中文 在 白經濟 TalkEcon Facebook 的精選貼文
▍台灣是唯一未依照 IMF 標準公布外匯存底相關資料的亞洲主要經濟體
關注國際金融的讀者,在去年十月可能有掃到一則新聞:曾任美國財政部副助卿的 Brad Setser 和一位匿名的共同作者,寫了落落長一篇六部曲文章,專題討論台灣壽險業面臨的外匯風險。
文章雖然技術性很高,但讀起來就像一本偵探小說。調查的起因是 Setser 發現台灣的壽險業者累積了大量美元計價的資產,但對這些保險險業者來說,資產用美元計價,還錢用台幣,那保險公司是怎麼處理匯率帶來的風險?Setser 反覆抽絲剝繭,最後得到的結論之一是:台灣的央行藏了可能大約 1300 億美元的外匯存底。
一開始看這報導,小編只覺得顆顆我們台灣人買保險買得虎虎生風,豈是你們這些不存錢的美國人料得到的。但 Brad Setser 後來在 twitter 和上 podcast 談他的調查成果(podcast 的訪問和對答都十分淺顯,大學學的國際金融已經忘記的人也可以聽),話鋒一轉就把矛頭對準了咱們央行:
>The case for naming the US naming Taiwan a currency manipulator under the 1988 act is actually stronger than the case for naming China ... Taiwan really has been intervening on a large scale to maintain an undervalued currency for competitive advantage.
言下之意:欸財政部你們好像也可以考慮一下把台灣算成匯率操縱國。
呃。
剛好美國財政部最近又點名了一次匯率操縱國,雖然沒有正式列入台灣,但也說台灣「接近觸發一些關鍵門檻」,三位台大經濟系的老師也有撰文討論。不想花力氣看 Setser 和匿名部落客的六部曲,可以看老師們這篇中文的~
https://vincentatntu.blogspot.com/2020/01/blog-post.html
.Brad Setser 和部落客 Concentrated Ambiguity 的六部曲
https://www.cfr.org/blog/looking-mysterious-hedging-counterparty-taiwans-lifers
.滿好懂的 podcast 討論
https://www.bloomberg.com/news/audio/2019-10-25/the-great-whodunit-of-taiwanese-life-insurers-podcast
.上面引述 Brad Setser 的 Twitter
https://twitter.com/brad_setser/status/1182279156043862019
competitive advantage中文 在 Herman Yeung Youtube 的精選貼文
Note download 筆記下載 : https://hermanutube.blogspot.hk/2016/01/youtube-pdf.html
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Economics 所有 videos 的 Playlist 可看: https://www.youtube.com/playlist?list=PLzDe9mOi1K8o8H4_PAK1oLM_vhUpd0Xk9
分類的 Playlist 可看:
A. Basic Economics Concepts 基本經濟概念 … https://www.youtube.com/playlist?list=PLzDe9mOi1K8qqV5XGkWjbTy23XwkqNE0I
B. Firms & Production 廠商與生產 … https://www.youtube.com/playlist?list=PLzDe9mOi1K8qrlkuI1wdJUa3UZs0txvjN
C. Market & Price 市場與價格 … https://www.youtube.com/playlist?list=PLzDe9mOi1K8oOWHDRwYI8hvuUhNp9qcQk
D. Competition & Market structure 競爭與市場結構 … https://www.youtube.com/playlist?list=PLzDe9mOi1K8q982crii7XomNNjIx-f8rd
E. Efficiency, Equity & the role of government 效率、公平和政府的角色 … https://www.youtube.com/playlist?list=PLzDe9mOi1K8onmTnt7Dghh4pVud9e3PPU
F. Measurement of Economic Performance 經濟表現的量度 … https://www.youtube.com/playlist?list=PLzDe9mOi1K8qIHKIc6pUHUIfTXc3Cmjv3
G. National Income Determination & Price Level 國民收入決定及價格水平 … https://www.youtube.com/playlist?list=PLzDe9mOi1K8pkBABdTOtjs_8aPoTdUf61
H. Money & Banking 貨幣與銀行 … https://www.youtube.com/playlist?list=PLzDe9mOi1K8oFN6Fe_5aEk0mnJpfBe0S1
I. Macroeconomic Problems & Policies 宏觀經濟問題和政策 … https://www.youtube.com/playlist?list=PLzDe9mOi1K8onndGtdUUvNQpcmax7a1VX
J. International trade & finance 國際貿易和金融 … https://www.youtube.com/playlist?list=PLzDe9mOi1K8poqrVsbrWDq5V2-ZsNAwBi
E1. Elective I : Monopoly Pricing, Anti-competitive Behaviours and Competition Policy 壟斷定價、反競爭行為及競爭政策 … https://www.youtube.com/playlist?list=PLzDe9mOi1K8r5Fz1mXcELz7CQ79Omr6nb
E2. Elective II: Extension of Trade Theory, Economic Growth and Development 貿易理論之延伸、經濟增長及發展 … https://www.youtube.com/playlist?list=PLzDe9mOi1K8pesBkw164n1FW0G_UwoiT0
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Definition 背誦︰
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competitive advantage中文 在 Herman Yeung Youtube 的最佳解答
Note download 筆記下載 : https://hermanutube.blogspot.hk/2016/01/youtube-pdf.html
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Economics 所有 videos 的 Playlist 可看: https://www.youtube.com/playlist?list=PLzDe9mOi1K8o8H4_PAK1oLM_vhUpd0Xk9
分類的 Playlist 可看:
A. Basic Economics Concepts 基本經濟概念 … https://www.youtube.com/playlist?list=PLzDe9mOi1K8qqV5XGkWjbTy23XwkqNE0I
B. Firms & Production 廠商與生產 … https://www.youtube.com/playlist?list=PLzDe9mOi1K8qrlkuI1wdJUa3UZs0txvjN
C. Market & Price 市場與價格 … https://www.youtube.com/playlist?list=PLzDe9mOi1K8oOWHDRwYI8hvuUhNp9qcQk
D. Competition & Market structure 競爭與市場結構 … https://www.youtube.com/playlist?list=PLzDe9mOi1K8q982crii7XomNNjIx-f8rd
E. Efficiency, Equity & the role of government 效率、公平和政府的角色 … https://www.youtube.com/playlist?list=PLzDe9mOi1K8onmTnt7Dghh4pVud9e3PPU
F. Measurement of Economic Performance 經濟表現的量度 … https://www.youtube.com/playlist?list=PLzDe9mOi1K8qIHKIc6pUHUIfTXc3Cmjv3
G. National Income Determination & Price Level 國民收入決定及價格水平 … https://www.youtube.com/playlist?list=PLzDe9mOi1K8pkBABdTOtjs_8aPoTdUf61
H. Money & Banking 貨幣與銀行 … https://www.youtube.com/playlist?list=PLzDe9mOi1K8oFN6Fe_5aEk0mnJpfBe0S1
I. Macroeconomic Problems & Policies 宏觀經濟問題和政策 … https://www.youtube.com/playlist?list=PLzDe9mOi1K8onndGtdUUvNQpcmax7a1VX
J. International trade & finance 國際貿易和金融 … https://www.youtube.com/playlist?list=PLzDe9mOi1K8poqrVsbrWDq5V2-ZsNAwBi
E1. Elective I : Monopoly Pricing, Anti-competitive Behaviours and Competition Policy 壟斷定價、反競爭行為及競爭政策 … https://www.youtube.com/playlist?list=PLzDe9mOi1K8r5Fz1mXcELz7CQ79Omr6nb
E2. Elective II: Extension of Trade Theory, Economic Growth and Development 貿易理論之延伸、經濟增長及發展 … https://www.youtube.com/playlist?list=PLzDe9mOi1K8pesBkw164n1FW0G_UwoiT0
Notes Only Version : https://www.youtube.com/playlist?list=PLzDe9mOi1K8pTsr5jwcpqD4fcPTQZetR8
Definition 背誦︰
中英對照︰ https://www.youtube.com/playlist?list=PLzDe9mOi1K8ohGrOAWAsVQK3PFBqrXf2V
純英版︰ https://www.youtube.com/playlist?list=PLzDe9mOi1K8pFSFPWu1LJvURZujQzVJvD
純中版︰ https://www.youtube.com/playlist?list=PLzDe9mOi1K8odYV54ZMTkj2m7BWvMU9pB
電子書 (中英對照版 - 230頁) (HK$19.90)︰
https://play.google.com/store/books/details?id=ax3kDwAAQBAJ&rdid=book-ax3kDwAAQBAJ&rdot=1&source=gbs_vpt_read&pcampaignid=books_booksearch_viewport
電子書 (純英文版 - 159頁) (HK$19.90)︰
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電子書 (純中文版 - 159頁) (HK$19.90)︰
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HKDSE Econ Past Paper Solution : https://www.youtube.com/playlist?list=PLzDe9mOi1K8rq7kTVAuDerVqrfT6WstsV
HKCEE Econ Past Paper Solution : https://www.youtube.com/playlist?list=PLzDe9mOi1K8oVtFNEdJIya9ANc1X5nhTw
HKALE Econ Past Paper Solution : https://www.youtube.com/playlist?list=PLzDe9mOi1K8pXFnsqOlPtL3DtsDsb7w4l
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HKDSE Mathematics 數學天書 訂購表格及方法︰
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competitive advantage中文 在 Herman Yeung Youtube 的精選貼文
Note download 筆記下載 : https://hermanutube.blogspot.hk/2016/01/youtube-pdf.html
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Economics 所有 videos 的 Playlist 可看: https://www.youtube.com/playlist?list=PLzDe9mOi1K8o8H4_PAK1oLM_vhUpd0Xk9
分類的 Playlist 可看:
A. Basic Economics Concepts 基本經濟概念 … https://www.youtube.com/playlist?list=PLzDe9mOi1K8qqV5XGkWjbTy23XwkqNE0I
B. Firms & Production 廠商與生產 … https://www.youtube.com/playlist?list=PLzDe9mOi1K8qrlkuI1wdJUa3UZs0txvjN
C. Market & Price 市場與價格 … https://www.youtube.com/playlist?list=PLzDe9mOi1K8oOWHDRwYI8hvuUhNp9qcQk
D. Competition & Market structure 競爭與市場結構 … https://www.youtube.com/playlist?list=PLzDe9mOi1K8q982crii7XomNNjIx-f8rd
E. Efficiency, Equity & the role of government 效率、公平和政府的角色 … https://www.youtube.com/playlist?list=PLzDe9mOi1K8onmTnt7Dghh4pVud9e3PPU
F. Measurement of Economic Performance 經濟表現的量度 … https://www.youtube.com/playlist?list=PLzDe9mOi1K8qIHKIc6pUHUIfTXc3Cmjv3
G. National Income Determination & Price Level 國民收入決定及價格水平 … https://www.youtube.com/playlist?list=PLzDe9mOi1K8pkBABdTOtjs_8aPoTdUf61
H. Money & Banking 貨幣與銀行 … https://www.youtube.com/playlist?list=PLzDe9mOi1K8oFN6Fe_5aEk0mnJpfBe0S1
I. Macroeconomic Problems & Policies 宏觀經濟問題和政策 … https://www.youtube.com/playlist?list=PLzDe9mOi1K8onndGtdUUvNQpcmax7a1VX
J. International trade & finance 國際貿易和金融 … https://www.youtube.com/playlist?list=PLzDe9mOi1K8poqrVsbrWDq5V2-ZsNAwBi
E1. Elective I : Monopoly Pricing, Anti-competitive Behaviours and Competition Policy 壟斷定價、反競爭行為及競爭政策 … https://www.youtube.com/playlist?list=PLzDe9mOi1K8r5Fz1mXcELz7CQ79Omr6nb
E2. Elective II: Extension of Trade Theory, Economic Growth and Development 貿易理論之延伸、經濟增長及發展 … https://www.youtube.com/playlist?list=PLzDe9mOi1K8pesBkw164n1FW0G_UwoiT0
Notes Only Version : https://www.youtube.com/playlist?list=PLzDe9mOi1K8pTsr5jwcpqD4fcPTQZetR8
Definition 背誦︰
中英對照︰ https://www.youtube.com/playlist?list=PLzDe9mOi1K8ohGrOAWAsVQK3PFBqrXf2V
純英版︰ https://www.youtube.com/playlist?list=PLzDe9mOi1K8pFSFPWu1LJvURZujQzVJvD
純中版︰ https://www.youtube.com/playlist?list=PLzDe9mOi1K8odYV54ZMTkj2m7BWvMU9pB
電子書 (中英對照版 - 230頁) (HK$19.90)︰
https://play.google.com/store/books/details?id=ax3kDwAAQBAJ&rdid=book-ax3kDwAAQBAJ&rdot=1&source=gbs_vpt_read&pcampaignid=books_booksearch_viewport
電子書 (純英文版 - 159頁) (HK$19.90)︰
https://play.google.com/store/books/details?id=Xh3kDwAAQBAJ&rdid=book-Xh3kDwAAQBAJ&rdot=1&source=gbs_atb&pcampaignid=books_booksearch_atb
電子書 (純中文版 - 159頁) (HK$19.90)︰
https://play.google.com/store/books/details?id=Yh3kDwAAQBAJ&rdid=book-Yh3kDwAAQBAJ&rdot=1&source=gbs_vpt_read&pcampaignid=books_booksearch_viewport
_______________________________________________
HKDSE Econ Past Paper Solution : https://www.youtube.com/playlist?list=PLzDe9mOi1K8rq7kTVAuDerVqrfT6WstsV
HKCEE Econ Past Paper Solution : https://www.youtube.com/playlist?list=PLzDe9mOi1K8oVtFNEdJIya9ANc1X5nhTw
HKALE Econ Past Paper Solution : https://www.youtube.com/playlist?list=PLzDe9mOi1K8pXFnsqOlPtL3DtsDsb7w4l
------------------------------------------------------------------------------
Please subscribe 請訂閱 :
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HKDSE Mathematics 數學天書 訂購表格及方法︰
http://goo.gl/forms/NgqVAfMVB9
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Blogger : https://goo.gl/SBmVOO
Facebook : https://www.facebook.com/hy.page
YouTube: https://www.youtube.com/HermanYeung
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competitive advantage中文 在 競爭優勢理論 - 中文百科知識 的相關結果
競爭優勢(Competitive Advantage)理論,經濟學理論,由哈佛大學商學研究院麥可·波特提出,波特的國際競爭優勢模型(又稱鑽石模型)包括四種本國的決定因素(country ... ... <看更多>
competitive advantage中文 在 竞争优势(管理学术语)_百度百科 的相關結果
竞争优势(Competitive advantage),是相对于竞争对手拥有的可持续性优势,分为成本优势、差异优势及聚焦优势。 《竞争优势》是美国哈佛商学院名牌教授迈克尔·波特的著作 ... ... <看更多>
competitive advantage中文 在 競爭優勢- MBA智库百科 的相關結果
競爭優勢(Competitive Advantage)競爭優勢是一種特質。競爭力大或強的才有優勢,那麼這種優勢就是獨特的,否則它就不可能有更大或更強的競爭力。一般地說,只要競爭 ... ... <看更多>