3 ms·
If the US is hoping to promote free-market policies, then increasing demand for technological innovation within China is a likely objective of this policy. For
by odyssey7 3y ago
If the US is hoping to promote free-market policies, then increasing demand for technological innovation within China is a likely objective of this policy.
For an example of the theoretical framework being discussed by experts, here is an article from Stanford in which the West's recent competitive advantage in technological innovation is attributed to free markets. The implication is that a country would need to operate a free market in order to become a global leader in technological innovation.
https://www.gsb.stanford.edu/insights/how-innovation-drives-economic-growth https://www.gsb.stanford.edu/insights/how-innovation-drives-...