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The Paradoxical Rivalry of US and China for Industrial Innovation

Summary:
photo: Jonathan Taglione By the early 2020s, rivalry for industrial innovation will accelerate between the U.S. and China. Ironically, the Trump White House has opted for a poor-economy industrial policy, whereas China has a rich-economy policy. The former seeks past glory; the latter cannot wait to get to the future. According to the Trump administration, ...

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photo: Jonathan Taglione By the early 2020s, rivalry for industrial innovation will accelerate between the U.S. and China. Ironically, the Trump White House has opted for a poor-economy industrial policy, whereas China has a rich-economy policy. The former seeks past glory; the latter cannot wait to get to the future. According to the Trump administration, […]
Dan Steinbock
Dan Steinbock (born 1954) is a global economic and policy analyst. He is an internationally recognized expert of the multipolar world and the founder of Difference Group, which “guides clients in the new risk environment" focusing on international business, international relations, investment and risk, and markets across advanced, emerging and developing economies.”

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