Investing Domestically to Compete Globally
December 29, 2020
Facing a rising China, the Trump administration blocked China from acquiring advanced technologies owned by US companies, and the Biden administration may follow suit. But a Bloomberg Opinion analyst warns that such efforts will backfire. A better approach, MIT president L. Rafael Reif argues in an Issues online exclusive, will be for the United States to bolster its own science and technology enterprise. Congress can help by dramatically boosting funding aimed at generating long-term technological progress that will give the nation a competitive edge.