With good vaccines apparently on the way, it’s now possible to imagine a new post-pandemic world order. One question is whether China has overtaken the U.S., and on that there is good news: In terms of ideas and relative influence, America may have opened up its lead.
Start with the vaccines themselves. China has done surprisingly well, and some of its vaccines are likely to prove sufficiently effective and safe. But the U.S., working with the German BioNTech company, has produced an entirely new kind of vaccine platform, namely mRNA vaccines. They can be quickly manufactured and hold the promise of combating many future viruses. The China vaccines are mostly based on older methods, with the Chinese doing their utmost to scale up production quickly.
That difference in products might represent an efficient international division of labor. But it hardly shows China at the forefront of progress.
The point stands in other areas of technology as well. If you are wondering whether China or the U.S. with its allies is more likely to make a big breakthrough, in, say, quantum computing, ask yourself a simple question: Which network will better attract talented immigrants? The more that talent and innovation are found around the world, the more that helps the U.S.
