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U.S. Must Redouble Efforts to Stay Ahead in Innovation Race With China
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By Kapil Patil
July 15, 2021
The U.S. Senate’s approval of the pathbreaking United States Innovation and Competition Act on 8 June marked a new beginning in the simmering ‘tech war’ between America and China. The bipartisan support given to the bill clearly reflects the growing anxiety among U.S. policymakers about the rapid rise of China’s innovation capabilities and the prospect of losing American competitiveness in the years ahead. Beijing is fast closing the gap in several established technologies and aggressively pursuing self-reliance in various new and emerging technologies.
Amid Beijing’s massive state-sponsored ‘indigenous innovation’ drive, the bill marks the return of an ‘interventionist’ industrial strategy aimed at overhauling the U.S. manufacturing enterprise and sustaining America’s competitive advantages. It commits U.S. policymakers to revive and reshore manufacturing and spend about U.S.$200 billion on research and development and innovation over the next five years. In principle, the bill provides a roadmap for American industries to lead innovation in future technologies and signals America’s leadership resolve to be in the innovation race for the long haul.
https://www.realcleardefense.com/articles/2021/07/15/us_must_redouble_efforts_to_stay_ahead_in_innovation_race_with_china_785547.html
