The New Global Economy: The US needs a techno-industrial strategy
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China's economy is facing crises that could spell doom for its economic 'miracle'; US leadership in artificial intelligence (AI) is creating economic value and boosting productivity; US lacks production capacity in advanced industries crucial to competitiveness and national security; China has emerged as the world's manufacturing superpower; US must implement a techno-industrial strategy with three pillars: production, markets, and people; US must invest in manufacturing-innovation programs, secure supply chains, and invest in human capital; China's efforts to shift towards advanced industries threaten to surpass the US economically and gain a strategic advantage; US can leverage existing advantages to cement its leadership in the industries of the future.
#UsEconomy #ChinaEconomy #TechnoindustrialStrategy #AdvancedIndustries #ArtificialIntelligence #Manufacturing #SupplyChains #HumanCapital
https://theedgemalaysia.com/node/719828
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