Roubini: Washington has it wrong—Immigration isn’t a crisis for Europe but an economy that lacks dynamism is
Whether the US or China currently leads future industries is open to debate, but most observers agree that it’s essentially a two-horse race, with America still ahead in several key areas. Beyond that, innovation is concentrated in countries like Japan, Taiwan, South Korea, India and Israel. In Europe, by contrast, innovative activities are largely confined to the UK, Germany, France and Switzerland, two of which are not EU members.
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