Ernest Preeg, senior fellow in trade and productivity at MAPI, analyzes the rapid development of export-oriented advanced technology industry in India and China. His book provides a comprehensive U.S. policy response to the rise of China and India to become advanced technology superstates.
Specific policy recommendations include a more forceful and concerted response to currency manipulation by China and some other Asian trading partners, additional free trade agreements across the Pacific and with India as building blocks toward multilateral free trade for nonagricultural trade, and disciplines, starting with transparency, for rapidly growing sovereign investment funds. A corresponding domestic policy agenda includes improving education, publicly supported R&D for basic research, tax reform, and tort reform.
Access this 10-minute video (Part 1 of a two-part series) by clicking on the link below.