Thirty-five years ago Jean_Jacques Servan_Schreiber's "Le Défi Americain" (The American Challenge) claimed that Europe was in danger of becoming a branch office for American multinationals. A decade later, Japan's rising commercial challenge seemed paramount. Now China makes people nervous. But today's responses to China's economic challenge may be as misbegotten as yesterday's answers to le défi Americain .
Thirty-five years ago Jean_Jacques Servan_Schreiber's "Le Défi Americain" (The American Challenge) claimed that Europe was in danger of becoming a branch office for American multinationals. A decade later, Japan's rising commercial challenge seemed paramount. Now China makes people nervous. But today's responses to China's economic challenge may be as misbegotten as yesterday's answers to le défi Americain .