Navigating Economic Models: U.S. vs. Europe

This chapter explores the contrasting productivity, job compensation, and social safety nets between the United States and Europe, particularly focusing on Nordic countries like Sweden and Finland. It analyzes how effective policies in Europe support innovation and aid trade-displaced workers, while also critiquing the challenges of comparing different institutional arrangements. The discussion extends to U.S.-China relations, emphasizing the necessity for nuanced trade policies that consider unique economic systems and social contracts.