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NEWS & INSIGHTS

| 1 minute read

The Race For Global Technology Leadership

Technology Innovation as long been the foundation of US economic leadership, building on the success of Silicon Valley, and other clusters, to invent and reinvent entirely new industries and the high paying jobs that go with them. China has pro-actively targeted our innovation with highly focused and well-resourced efforts to steal our core Intellectual Property and applied innovation. Now that China has "acquired" the table stakes, they are upping their game with significant, concentrated, highly resourced efforts to establish technology leadership (and the associated economics) on a global basis. The US needs to fully comprehend the risks to the US economy and our way of life and develop and implement a comprehensive response that 1) protects our IP, 2) denies market and technology access to economic adversaries, 3) ensures a level playing field globally for US innovators, and 4) unleash a period of sustained and unbound innovation in the US. Failure to do so will ultimately lead to a materially diminished US economy, a reduction in our standard of living and reduced influence globally in support of our values of democracy and freedom.  It’s way past time for Washington, DC to stop its games of internecine political warfare and focus on building an engine of technology innovation economic growth that will benefit its citizens and lift all of its citizens to a higher level of prosperity and well as US influence and leadership in the world…

It’s unlikely that U.S companies will benefit much from the tech-led stimulus and in some cases they stand to lose existing business. Earlier this year when the country’s largest telecom carrier China Mobile awarded contracts for 37 billion yuan in 5G base stations, the lion’s share went to Huawei and other Chinese companies.

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chinatechnologyleadership, usinnovationeconomy, chinaiptheft, usindustrialpolicy, globaltechnologyleadership