n the beginning was the transistor, that lumpy, wire-and-germanium precursor of the modern microchip, which set in motion the electronics revolution and helped lay the foundation for Asian prosperity. Like so many other things - semiconductors, televisions, fax machines-it was the product of Western inventiveness, which soon became the basis of Eastern industry.

Thus, in the early postwar decades a cliché was born: the West had the scientific and technological ideas, and Asia developed a dominance in their cheap consumer applications.

 

However apt that cliché may have been in the past, it is now dramatically outmoded. Led by Japan, Asia is approaching the pinnacle of technological sophistication and ingenuity on a global scale. In the process Japan and its understudies - South Korea, Taiwan, Singapore, Hong Kong and others - have displayed a capacity for practical innovation that has simply awed the West. They have reinvented products like television (most recently in its large, flat-panel variant) and turned floundering Western technologies like the videotape recorder into huge successes. Now when consumer technology is discussed, Asia's supremacy is universally assumed. Not since the Middle Ages, when Chinese inventions - the compass, the mechanical water clock, gunpowder - made China the most technologically advanced nation, has Asia displayed such technical prowess.

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