Chased by the Dragon: Competition and Innovation in China and the United States
Does trade with China increase or decrease innovation and productivity in the United States? Understanding the answer to this question is critical to future U.S. growth, and not surprisingly there has been strong debate. Some, like Stanford’s Nick Bloom, have argued (PDF) (LINK) that competition from China is spurs innovation and growth in developed nations since it lead companies to be more efficient. Other argue that Chinese mercantilist policies and unfair competition weaken growth in developed nations, including weakening firms’ ability to innovate. Please join ITIF for an event featuring a panel of experts on U.S.-Chinese trade and innovation to debate this key issue.