Conversations on Vietnam Development
Thứ ba, 11/8/2020, 18:25 (GMT+7)
“Bệnh nhân 832″, 37 tuổi, ở Quảng Trị, chiều nay được xác định tử vong vì suy tim trên nền bệnh lý nặng và mắc Covid-19.
Thứ trưởng Y tế Nguyễn Trường Sơn, Trưởng Bộ phận thường trực đặc biệt chống dịch Covid-19 của Bộ Y tế tại Đà Nẵng, chiều 11/8 xác nhận “bệnh nhân 832” qua đời và là ca tử vong thứ 16 kể từ đầu dịch.
KYODO
Japan has signed a ¥36.6 billion ($345 million) loan agreement with Vietnam to provide the Southeast Asian country with six patrol boats to boost its maritime law enforcement capabilities, as Beijing steps up its claims in the South China Sea.
Tiếp tục đọc “Japan and Vietnam ink first patrol ship deal as South China Sea row heats up”NZHearald, Aug. 9, 2020
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As tensions between Taiwan and China continue to escalate, satellite images reportedly show amphibious armoured vehicles and mobile missile launchers massing at military bases near the island nation.
Though Taiwan, a country of 25 million people, is happy as an independent democracy, Beijing insists it is a “breakaway province” and “inviolate” Chinese territory, repeatedly stating it will use force to bring the island back under China’s control.
Tiếp tục đọc “South China Sea: Beijing mobilises invasion craft along coast as Taiwan tensions escalate”
Vice-Admiral Giovanni Bacordo told the Foreign Correspondents Association of the Philippines on Monday the Chinese vessels had been near the Reed Bank for “about a week already” and that due to their speed of “about three knots” the navy had concluded they were “conducting surveys”. Tiếp tục đọc “South China Sea: Philippine navy chief warns of Chinese ‘provocation’”
August 10, 2020 5:30 PM GMT+7
What a difference two months can make. In May, Taiwan Semiconductor Manufacturing Co. (TSMC), the world’s largest chipmaker, lost the business of Huawei Technologies—its biggest Chinese customer and the source of 13% of its revenue—as a casualty of geopolitical jockeying between superpowers. But TSMC shareholders took the loss in stride. And by late July, after a stumble by rival Intel, TSMC’s stock had risen almost 50% since May, making it one of the world’s 10 most valuable companies.
May’s low and July’s high have something in common: They both reflect TSMC’s distinctive role in the global tech economy. Although far from a household name, TSMC controls roughly half of the world’s contract chip manufacturing. Brand-name companies that design their own chips—most notably Apple—rely on TSMC’s world-class production so they don’t have to spend tens of billions to build their own factories. Crack open your iPhone and you’ll find a chip from TSMC. If you could crack open an American guided missile, you’d likely find one there too. Its prowess has elevated TSMC to No. 362 on the Global 500, with $35 billion in revenue. Today it gets 60% of sales from the U.S. and about 20% from mainland China.
Techno-nationalism: The US-China tech innovation race
New challenges for markets, business and academia
BY ALEX CAPRI
RESEARCH FELLOW, HINRICH FOUNDATION, 20202
Published 03 August 2020
The US-China tech innovation race is challenging the laissez-faire economic model. State interventionism, techno-nationalism and US tech funding initiatives are increasing. This paper outlines the implications for markets, academia, research organizations, and governments of the US-China competition to achieve innovation advantage.
A US-China tech innovation race has sparked a paradigm shift in global trade and commerce that is challenging the long-standing primacy of the world’s open trading system.
Current thinking is tilting towards increased state activism and interventionism, not only in the technology landscape but in many of the industries of the future.
Listen to a discussion with Alex Capri related to this report.
Driving this change is techno-nationalism: a mercantilist-like behavior that links tech innovation and enterprise directly to the national security, economic prosperity and social stability of a nation.
In response to decades of Beijing’s innovation-mercantilism, the US has embarked on its own innovation offensive. Washington’s future tech funding initiatives could surpass the scale of the “moonshot” projects last seen during the space race with the former Soviet Union.
Download “Techno-nationalism: The US-China tech innovation race” by Alex Capri
Andrew Staples and Alex Capri from the Hinrich Foundation discuss why US tech funding initiatives could surpass the scale of the “moonshot” projects.
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The innovation race involves a broad range of emerging and foundational technologies that will define the industries of the future, including:
As Washington and its allies ramp up techno-nationalist initiatives, core themes will drive the paradigm shift.
The report comprises three sections:
This section examines trends for public-spending in R&D and innovation and reviews a series of techno-nationalist funding initiatives from the US government.
It analyzes state activism in free markets and why governments are uniquely qualified to promote innovation and “blue-sky” technologies in ways that the private sector cannot.
Finally, Section I spotlights a historic example of techno-nationalism: SEMATECH and the US semiconductor public-private partnership, which led to a technological leapfrog by the US semiconductor industry, past Japan, in the 1990s.
Section II focuses on non-state actors and their increasingly complex role in public-private partnerships. It explores the tensions between open market forces, multinational companies, and techno-nationalist state activism.
To highlight these tensions, the report analyzes Facebook’s “Libra initiative and Beijing’s efforts to reduce dependency on the US dollar via the digital Yuan, and the challenges those create for MNEs. A US semiconductor sector case study illustrates how state activism can have detrimental effects on markets and backfire on the very parties it is looking to protect.
Section II concludes with an analysis of how open-sourced innovation could be a game-changer in the US-China technology war, particularly regarding future 5G wireless competition.
Universities, research organizations and academia have become hot zones in the US-China innovation race. Human capital development is key to conducting leading-edge R&D and driving innovation.
Section III looks at how US export controls are affecting R&D activities at universities. It highlights the rules-based frameworks that universities must build to handle increasing government funding into academia.
The section showcases China’s Thousand Talents program and highlights its challenges for public-private partnerships involving academia. It also discusses why the US, in particular, should keep its human capital and innovation pipeline open as it pertains to foreign students, fundamental research programs and, ultimately, why an open system (despite China’s exploitation of it) is better than a closed one.
Finally, section III looks at how some inevitable strategic decoupling between Chinese and US entities will result in the ring-fencing of more “sensitive” R&D activities within the US defense establishment.
Listen to a summary of the report in this podcast featuring Alex Capri and Andrew Staples, Director of Research and Outreach.
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This report is part of a series of Hinrich Foundation papers, authored by Alex Capri, that review the implications of rising US-China techno-nationalism for global trade and international businesses. The two papers focused on Semiconductors at the heart of the US-China tech war and Strategic US-China decoupling in the tech sector.SHARE
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Alex Capri is a Research Fellow at the Hinrich Foundation with over 20 years of experience in value chains, logistics and global trade management, both as an academic and a professional consultant.
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