For a century, the American economy has introduced many of the world’s most innovative products. This innovation has led to a standard of living for our country that is unsurpassed in the world. There are those who feel this innovation will be led by China in the future. This article discussed this important topic.
Read "Will China Outsmart the U.S.?" from The New York Times.
If you are interested in reading further about this topic, we have recently read a short book that presents the importance of innovation for our economy. The book is Tyler Cowen’s The Great Stagnation. I would highly recommend it.
Find "The Great Stagnation" by Tyler Cowen on Amazon.