The US and China 21st Century Economic Battle Should Be Done In Peace

For this century, the world has three countries: the US, China and others. The question right now is how to rank the powers of these countries. Understanding that in the last ten centuries, China has dominated the world at least in six, and since the US took over in the late 1890s, it has not faced the kind of competition it is facing from China (the Japanese rise was ephemeral in nature, and fizzled like your secondary school Chemistry experiment  which produced an effervescence, gas bubbles forming in a liquid, making every kid excited in the lab).

But it seems that the US vs China has more acts and scenes ahead before the ranking is decided for this century: “The tech supremacy rivalry between the United States and China is likely not going to end any time soon based on Washington’s determination to tighten its grip on semiconductors among others. US Commerce Secretary Gina Raimondo hinted at potential measures to further curtail China’s access to advanced semiconductor technologies, underscoring the intensifying tech war between the two global powerhouses.

“We cannot allow China to have access for their military advancement to our most sophisticated technology,” she told reporters in Manila on Monday. “So yes, we will do whatever it takes to protect our people including expanding our controls.”’

May they compete in peace, no wars!

For this century, the world has three countries: the US, China and others. The question right now is how to rank the powers of these countries. Understanding that in the last ten centuries, China has dominated the world at least in six, and since the US took over in the late… pic.twitter.com/2UuHYQhRMP

— Ndubuisi Ekekwe (@ndekekwe) March 12, 2024

Register for Tekedia Mini-MBA (Sept 9 – Dec 7, 2024), and join Prof Ndubuisi Ekekwe and our global faculty; click here.