Edmund S. Phelps, who won the Nobel Prize in Economics in 2006, argues that China has become a more competitive economy while the West, since the 1930s has become less competitive. Phelps believes that "most Western governments have seen it as their duty to protect established enterprises from competition, even when it comes from new firms offering new adaptations or innovations". Trump's tariff program is a manifestation of this.
In the past few years China has moved to increase entrepreneurship and innovation and has made it easier to start a company. It has learned by allowing foreign experts to work on new projects in the business sector.
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