Open vs. Closed in National Tech Strategies: the U.S. and China

In the last several months, the Chinese government has moved swiftly to manage and shape self-driving cars, genetics data and cryptocurrencies in their country—arguably the three most promising technologies of the immediate future.

The Chinese are very good at this managed-closed strategy. Their top-down approach has some clear benefits over more open models for innovation and technology. And it poses a clear choice for a comparatively small country like the United States.