Vinod Aggarwal, da University of California, Berkeley, vai apresentar:

New Economic Statecraft and Global Technology Conflicts: An Analytical Framework and AI Example

Market-oriented theorizing fails to capture the reality of government intervention in the global economy. Trade and investment measures by countries around the globe designed to protect strategic industries and maintain a security of supply in the wake of a return to strategic competition are emblematic of the need to shift our analysis of the global economy. Traditionally, economists have largely focused on efficiency gains and the reduction of transaction costs rather than considering the political and strategic aspects of trade and capital flows. This existing analysis fails to capture the reality that many governments—potentially made worse by the dual pandemic and security crises—are using economic levers to compete in “strategic” sectors of their economy, primarily related to emerging technologies. We label this phenomenon “new economic statecraft.” To address this gap in the literature, this paper puts forward five theorized drivers of state intervention in the global economy—creating a theoretical framework for further empirical work to consider how governments are intervening in their domestic and global markets. We apply these concepts to the emerging AI sector in the US, China, and Germany as a European Union (EU) case.