We are in the foothills of a fourth industrial revolution, an upheaval that is likely to be powered by emerging technologies such as artificial intelligence (AI) and robotics. These technologies could radically restructure entire economies and have the power to either enhance human labour or replace it. Which of these outcomes prevails will be largely down to policy decisions made now.
Two global powers already dominate this fast-changing landscape, and the techno-economic competition between the US and China is likely to drive geopolitical and economic outcomes for years to come.
Our ground-breaking report Welcome to the machine, commissioned by the Special Competitive Studies Project, assesses and compares the economic outlook for both countries, and the current and expected future state of their technology sectors.
This report comprehensively quantifies progress in these key sectors. We consider how emerging technologies will impact economic growth, and how policy could maximise technological innovation. Policymakers should take note.