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America Shouldn’t Compete Against China With One Arm Tied Behind Its Back

The Senate recently passed a bill intended to bolster America’s technological and industrial capacity as we compete against China. The bill, called the U.S. Innovation and Competition Act, began as a serious, bipartisan effort to meet one of our country’s greatest challenges.But in one of those “only in Washington” moments, a bill written to make our country more competitive with China now includes an amendment that will do exactly the opposite.This legislation is fundamentally important because winning our contest with China is vital to our future. This country has the largest economy in the world, …

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Biden and China: Administration Rethinks Relations

WASHINGTON — Biden administration officials have tried to project a tough line on China in their first weeks in office, depicting the authoritarian government as an economic and security challenge to the United States that requires a far more strategic and calculated approach than that of the Trump administration.They have also tried to send a message: While the administration will be staffed by many familiar faces from the Obama administration, China policy will not revert to what it was a decade ago.These early efforts have not concealed the enormous challenge President Biden faces in trying to formulate a strategy …

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W.T.O. Set to Gain New Chief, but Deep Issues Remain

WASHINGTON — Ngozi Okonjo-Iweala, a Nigerian economist and former finance minister, is poised to become the first woman and first African to lead the World Trade Organization, when the members of the global trade body meet on Monday to consider her candidacy for director general.The appointment would remove a key obstacle to the functioning of the World Trade Organization, which has been leaderless during a time of growing protectionism and global economic upheaval brought about by the pandemic. But even with Dr. Okonjo-Iweala at the helm and the renewed support of the Biden administration, the World Trade Organization, which was …

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One Vaccine Side Effect: Global Economic Inequality

LONDON — The end of the pandemic is finally in view. So is rescue from the most traumatic global economic catastrophe since the Great Depression. As Covid vaccines enter the bloodstream, recovery has become reality.But the benefits will be far from equally apportioned. Wealthy nations in Europe and North America have secured the bulk of limited stocks of vaccines, positioning themselves for starkly improved economic fortunes. Developing countries — home to most of humanity — are left to secure their own doses.The lopsided distribution of vaccines appears certain to worsen a defining economic reality: The world that emerges from this terrifying …

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