What explains the technological dominance of the U.S. in areas like software and semiconductors compared to China’s dominance in manufacturing hardware?
The technological dominance of the U.S. in software and semiconductors, and China's leadership in hardware manufacturing, can be attributed to their distinct economic systems, historical development paths, and strategic priorities. The U.S. model is characterized by a decentralized, private sector-led innovation ecosystem, while China's is a top-down, state-directed approach...
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