Should the US and EU take a leaf out of China’s investment playbook?
The shift in technology investment dynamics, where China is no longer solely seeking Western tech and Western nations are considering adopting China's industrial policies, indicates a maturing and complex geopolitical technological landscape.
A strategic reader should care because this suggests a reorientation of global technology leadership and investment strategies, potentially leading to new forms of economic rivalry and cooperation.
The traditional power dynamic of Western nations as sole technology leaders and China as a tech importer is evolving, with both sides now assessing each other's industrial and investment playbooks.
- · Developing nations with strategic resources or large markets
- · Domestic technology firms in the US and EU
- · Governments implementing effective industrial policies
- · Multinational corporations reliant on open technology transfer
- · Countries heavily dependent on a single technology supply chain
- · Western companies that assumed perpetual technological superiority
Western governments will increasingly consider and potentially implement 'Made In' industrial policies similar to China's.
Increased competition and protectionism in critical technology sectors will lead to fragmented global supply chains.
New geopolitical alliances and trade blocs may form based on shared technology development and supply chain resilience strategies.
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Read at Financial Times — Technology