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Opinion
Letzte Aktualisierung: May 9, 2022

Good US-China strategic competition

by Michael Spence
Michael Spence schreibt über die Herausforderungen in der Zusammenarbeit mit China.
Michael Spence, Nobel Laureate in Economics and Senior Fellow at the think tank Hoover Institution
If the US and China engage in a battle for long-term technological dominance, both sides will not only fail, but also hinder global economic growth. For Nobel laureate Michael Spence, there are positive and negative examples of strategic competition. For the US, the challenge is not to fall behind; and for China, to complete the ongoing catch-up race.
It is now widely accepted that the economic and technological relationship between the United States and China will be characterized by some combination of strategic cooperation and strategic competition. Strategic cooperation is largely welcomed, because addressing shared challenges, from climate change and pandemics to the regulation of cutting-edge technologies, demands the engagement of the world’s two largest economies. But strategic competition tends to be viewed as a worrisome, even threatening, prospect. It need not be.
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