The U.S. and China should be looking more for ways to co-operate than compete in technology.
President Joe Biden attends an announcement event with Siemens on a “Future Made in America”, March 4, 2022, at the White House. Credit: Official White House Photo by Adam Schultz via Flickr
President Joe Biden’s recent executive order restricting American investments in Chinese semiconductors, microelectronics, quantum information technology, and artificial intelligence marks another escalation in the Sino-American tech war. In the context of the two superpowers’ intensifying geopolitical rivalry, the chances that this conflict will be resolved anytime soon are virtually zero, to the detriment of the global economy.
In his 2018 book Doing Capitalism in the Innovation Economy, venture investor William H. Janeway highlights the U.S. government’s pivotal role in spurring innovation by funding research and development in critical defense technologies. Despite the significant expenditure associated with these technological advances, the scale of America’s economic reach effectively drove down the costs of cutting-edge tech products and services. These innovations were subsequently commercialized through private entrepreneurship, ma
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Robert Lighthizer, the U.S. Trade Representative under Donald Trump, reflects on his decision to launch the trade war with China and begin the process of "strategic decoupling" — a process he says the U.S. must see through to the end.
