The U.S.-China Race To Lead The Fourth Industrial Revolution

  • The US Administration has reacted with alarm about China’s (2015) ambitious plan to develop industries of the future (China 2025).
  • It is threatening China with trade sanctions, mostly targeted at thwarting, or at least slowing down these Chinese ambitions.
  • But these Chinese ambitions aren’t anything out of the ordinary. They follow logically from their economic development path, and many other countries, including the US, have similar ambitions and policies.
  • There are better alternatives for the US than starting trade sanctions. It could itself boost investment in these industries of the future.
  • After all, such previous public investment projects have proven to be extraordinarily successful.

Source: The U.S.-China Race To Lead The Fourth Industrial Revolution | Seeking Alpha