For the last several months, several observers including ourselves have noted that whatever is going on at the “lower-value-added” end of the manufacturing and technology scale the real challenge China poses to the US lies not in the area of currency valuations, but in the “higher-value-added” regions of so-called “green” or “clean” technologies.
The general argument here, as always, relates back to the fundamentally different role of the state in the economy in each of the two countries.
In the US, the general consensus, shared by both Democrats and Republicans alike, is that the government should just get out of the way and let the private sector make its own path to whatever brave new world its ingenuity is able to bring forth, letting venture capital take the lead in funding the technological innovation that creates economic growth.
Full article at: Green Technology Research
