Abstract

All RDI planning must address widely recognised technological megatrends such as artificial intelligence and the fourth industrial revolution (aka Industry 4.0). But there are other current drivers. James L Schoff, a senior fellow specialising in US-Japan relations at Carnegie Asia, recently described the one that has the highest socioeconomic profile thus: “The world is shifting from a technoglobalistoriented economic and innovation framework premised on reducing barriers to trade, investment, and supply chain development amid harmonised multilateral standards. “The techno-nationalist framework taking its place is prompting countries to intervene more frequently in trade and technological affairs to give their own high-tech industry leaders an advantage over those of other countries.” The US and China are the two countries driving this trend and, while it may be very unwelcome, as Schoff also notes, there is a `prisoner's dilemma' in ignoring it “because the worst outcome for a nation would be eschewing techno-nationalist policies when others pursue them.

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