China and the United States are locked in a contest for technological supremacy. While it’s impossible to predict the ultimate winner and loser, this year’s Nobel Prize winners in economics may serve as a useful guide to where the two rivals are heading. The US is currently still ahead when it comes to science and…
French economist Philippe Aghion issued a stark warning to Europe shortly after winning this year’s Nobel Prize, saying the continent was losing the technology race to China and the United States. “Europe needs to wake up. We’re falling behind technologically compared to the United States and now China,” the newly minted laureate said during public…
One of the winners of this year’s Nobel economics prize, France’s Philippe Aghion, on Monday warned Europe that it must not let the United States and China dominate technological innovation. Aghion shared the Nobel with American-Israeli Joel Mokyr and Canada’s Peter Howitt for work on technology’s impact on sustained economic growth. “I think European countries…