Mises Wire
Author:
Mihai Macovei
Online Publish Date:
a “decisive decade” in its rivalry with China in order to preserve a long-term competitive edge. Yet, a deeper analysis shows that the US policy is rather meant to contain China’s overall technological and economic not an “infant industry” that could arguably need protection from foreign competition. Graph 3: Semiconductor R&D expenditures, 2019 (% sales by country)