The U.S. has been slipping in its world leadership in high technology. Poor decision making on the part of the Clinton Administration aided China’s rise in this crucial realm.
Shortly before leaving office, President Clinton also agreed to permanent normal trade relations with China. An Economic Policy Institute study found that “The Administration has proposed to facilitate China’s entry into the WTO at a time when the U.S. already has a massive trade deficit with China. In 1999, the U.S. imported approximately $81 billion in goods from China and exported $13 billion – a six-to-one ratio of imports to exports that represents the most unbalanced relationship in the history of U.S. trade. While exports generated about 170,000 jobs in the United States in 1999, imports eliminated almost 1.1 million domestic job opportunities, for a net loss of 880,000 high-wage manufacturing jobs. China’s entry into the WTO, under PNTR with the U.S., will lock this relationship into place, setting the stage for rapidly rising trade deficits in the future that would severely depress employment in manufacturing, the sector most directly affected by trade. China’s accession to the WTO would also increase income inequality in the U.S. Despite the Administration’s rhetoric, its own analysis suggests that, after China enters the WTO, the U.S. trade deficit with China will expand, not contract. The contradiction between the Administration’s claims and its own economic analysis makes it impossible to take seriously its economic argument for giving China permanent trade concessions.”
The sale of a supercomputer and the major growth in China’s economy resulting from Clinton’s acts allowed China to move rapidly forward in high-tech areas, both civilian and military.
We had no clue at the time when sexual stimulation takes purchase generic levitra djpaulkom.tv place. The whole idea is to stop being a couch potato and get things cheapest line viagra moving which is not just great for your blood to be flowing well. Men with Parkinsons disease are unable to achieve and maintain an erection even after proper sexual foreplay. viagra online for sale If you are suffering from erectile problems, one of the most commonly affected elements of our body should be treated immediately after levitra viagra baratas got noticed, otherwise these harmful disorders may capture our vital body activities and can hamper the wellness of our health by the harmful impacts. A 2010 Harvard Business Review paper found that “almost unnoticed by the outside world, over the past four years China has been moving toward a new stage of development. It is quietly and deliberately shifting from a successful low- and middle-tech manufacturing economy to a sophisticated high-tech one, by cajoling, co-opting, and often coercing Western and Japanese businesses…the government is forcing multinational companies in several sectors to share their technologies with Chinese state-owned enterprises as a condition of operating in the country. This is fueling tensions between Beijing and foreign governments and companies, and it raises the critical issue of whether the Chinese brand of socialism can coexist with Western capitalism.… Our studies show that since 2006 the Chinese government has been implementing new policies that seek to appropriate technology from foreign multinationals in several technology-based industries, such as air transportation, power generation, high-speed rail, information technology, and now possibly electric automobiles. These rules limit investment by foreign companies as well as their access to China’s markets, stipulate a high degree of local content in equipment produced in the country, and force the transfer of proprietary technologies from foreign companies to their joint ventures with China’s state-owned enterprises. The new regulations are complex and ever changing. They reverse decades of granting foreign companies increasing access to Chinese markets and put CEOs in a terrible bind: They can either comply with the rules and share their technologies with Chinese competitors—or refuse and miss out on the world’s fastest-growing market. Just as securing natural resources often drives China’s foreign policy, shifting the origination of leading technologies to China is driving the country’s industrial policy.”
While China moves ahead, the U.S. has been slipping. A study by Extremetech.com
notes that “Looking back 50 years, you’ll find that R&D spending accounted for just about 12 percent of the total U.S. budget. Now, that has dropped to a bit more than three percent.”
What Beijing did not get through trade agreements or influencing politicians, it stole through espionage, a practice it continues to engage in. In February, notes The Diplomat the Director of National Intelligence, James R. Clapper, delivered his annual threat briefing to the Senate Armed Forces Committee noting that China remains engaged in malicious activities in cyberspace against the United States, despite a U.S.-Chinese bilateral agreement to refrain from conducting or knowingly supporting commercial cyber-espionage.’China continues to have success in cyber espionage against the U.S. government, our allies, and U.S. companies,’ Clapper emphasized. ‘Beijing also selectively uses cyberattacks against targets it believes threaten Chinese domestic stability or regime legitimacy.”