How the United States and China Can Redefine Competition and Cooperation Through Manufacturing, Tech, and Innovation

Matt Harris () and Earl A. Carr ()
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Matt Harris: Draper Regina Ayot
Earl A. Carr: Pivotal Advisors

Chapter Chapter 1 in From Trump to Biden and Beyond, 2021, pp 1-10 from Springer

Abstract: Abstract As we stand at the brink of the fourth industrial revolution the United States and China are running different playbooks. This chapter examines how the United States playbook is a free-for-all of distinct corporate partnerships, strategic initiatives, and M&A. China, meanwhile, is running a strategic and highly coordinated playbook that includes the direct and massive government support of national champion technology companies. More importantly though, many have juxtaposed the current U.S. and China relationship to the Cold War. This is a misleading and dangerous comparison. The U.S.SR was a three-legged stool with two legs already wobbling. Gary Rieschel, Founder and Managing Partner of Qiming Venture Partners notes, “In any competition, there are moves and countermoves. It has been decades since the United States has had an economic competitor that required any significant change in United States thinking. Japan was that competitor in the 80s. China has become that competitor in the twenty-first century, and on a more comprehensive basis. Our responses to this should not eliminate the opportunity for future cooperation in areas of our mutual best interest.” Moreover, we can equate the current geopolitical rivalry between Beijing and Washington as the United States playing defense and China playing more offense.

Keywords: China; U.S.; Sino–U.S.; Competition; Cooperation; Manufacturing; Technology; Innovation; R&D; Research & Development (search for similar items in EconPapers)
Date: 2021
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DOI: 10.1007/978-981-16-4297-5_1

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