In a knowledge economy, knowledge is the intensive factor of production. Comparing China and America, which country do you think has competitive advantage in a knowledge economy? Support your argument.

Directions: In 2-3 paragraphs, please answer the following questions in a comprehensive and detailed manner using your own words, without being verbose (in other words, no fluff). Specifics are important but so are sentence structures and grammar. Finally, give make sure you provide citations to each answer.

1. China’s Belt and Road Initiative is a growing concern for the US? In terms of FDI, why?

2. In a knowledge economy, knowledge is the intensive factor of production. Comparing China and America, which country do you think has competitive advantage in a knowledge economy? Support your argument.

3. The EU has prided itself in the freedoms in terms of movements of goods, capital and people. Given that Brexit was approved in 2020, what has the UK given up by leaving the EU.

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