It is a mistake to assume that there is a global capital and technology frontier toward which every country must strive to acquire development. Economic development requires, above all, the right set of formal and informal institutions.
With the Tokyo Olympics postponed because of the coronavirus, Japan will delay its high-profile promotion of 5G commercial service this month. But the United States and Japan are still well-positioned for the intensifying race to harness the technology.
For the foreseeable future, Russian-Chinese relations are likely to be closer, and more productive than Russian-American ones. This is not based on emotions, but on national interests.
Competition and tension between Washington, Moscow, and Beijing seem all but inevitable, pushed forward by the domestic drivers of foreign policy. But are there prospects for détente or even meaningful episodic cooperation between the three countries on the issues that divide them?
Before the coronavirus pandemic, Europe and China hoped to put their differences aside. But now the relationship is in free fall, with deep uncertainty about what comes next.
China’s tough new national security law in Hong Kong may be a turning point for the city’s residents and global tech giants alike. Other countries are watching closely.
With echoes of their own technonationalist competition of the 1980s and 1990s, the United States and Japan are changing how they manage trade policy, export controls, investment rules, research and development strategies, supply chains, and even visa guidelines to gain a technological edge, this time over China.
Join us for a conversation with Oriana Mastro, Susan Thornton, Tong Zhao, and Bethany Allen-Ebrahimian as they discuss the growing U.S.-Chinese military competition and whether potentially disastrous global consequences can be averted.
For all the talk of sweeping change, U.S. dependence on Asian manufacturing is both deeply rooted and remarkably stable over time.
The United States and Japan do not have to upend globalization to compete effectively with China. The challenge for Tokyo and Washington is to leverage their common concerns about Beijing’s economic behavior and minimize the differences between their respective approaches.