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); //]]>// >By John P. Mello Jr. Mar 30, 2021 4:00 AM PT If the United States wants to out-compete China in key technology markets, Congress and the Biden Administration must act now, maintained a Washington, D.C. think tank in a report released Monday. With the rise of China, the U.S. economic and technology environment has fundamentally and inexorably changed, explained the report by the Information Technology & Innovation Foundation. America needs an advanced technology industrial policy to compete effectively, it continued, but that will require modernizing hidebound economic thinking that has long considered industry policy to be anathema. The report called on government to take an active role in promoting industrial competitiveness and to formulate an advanced industry and technology strategy, which should include a set of policies and programs explicitly designed to support specific industries and technologies.

United statesScott lincicomeRobertd atkinsonDoug barryRichard stiennonJohnp mello jrUs china business councilNews networkBiden administrationInformation technology innovation foundationCato instituteInformation technologyChina business councilBoston business journalBoston phoenixMegapixel net