Navigating US-China Economic Competition

Economic competition with China should be embraced, focusing less on geopolitical narratives that frame the rivalry. China aims for economic hegemony, believing they can achieve geopolitical dominance through economic success. Their strategy historically involves consolidating control within their borders and economically influencing neighboring regions, rather than aggressive military expansion. Understanding this mindset is crucial; China has not invaded another country for decades and views its territories differently than Western perspectives might suggest. The emphasis for the US should be on developing smarter trade policies and investing in domestic production of high technology as a long-term strategy to outpace China economically. This will require patience and a commitment to economic competition that will unfold over decades, rather than expecting rapid results or a quick resolution in the rivalry.

Play episode from 36:26

Transcript

Episode notes

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!

Get the app