First published: The Times, 01/10/2012
In the ashes of the financial crisis, an American economic phoenix is starting to hatch, at the same time as China’s economic model is becoming increasingly stressed. Put another way, the United States may be recovering its competitive edge just as the advantages that have made China the hub of global production are eroding.
This flies in the face of the common assertion that American economic power is seeping inexorably and permanently towards China……. more