Carnegie Endowment for International Peace
Technological innovation has become a critical element of international cooperation and geopolitical rivalry. This has impacted key areas of the transatlantic partnership, presenting both opportunities and challenges for EU–US relations, either rejuvenating a relationship mired in rifts or deepening those rifts.
A global rethink of supply chains means that some economies will have opportunities to attract investment, build out new industries, and diversify their growth drivers. Taiwan is positioned to benefit from these shifts, but requires policy changes and technology investments to fully take advantage.
A new coalition in Germany has ambitious plans to modernize a country that slipped into complacency and risk aversion. Its newfound energy could give the EU a much-needed impulse.
States’ diplomatic engagements regarding information and communications technologies and cyberspace will continue to be driven by calculations of national interest. Yet the very nature of the technologies and our collective growing dependency on them requires states to look beyond national interests.
A global network of similarly-structured CBDCs could ultimately facilitate lower-cost payments relative to U.S.-regulated channels, thus diminishing the power of U.S. sanctions and curbing dollar usage in cross-border trade.
Discourse on social media increasingly affects personal financial decisions. This may improve market efficiency, yet it may also provide malicious actors with opportunities for disinformation and disruption. Financial authorities, governments, and other stakeholders must work together to counter this threat.
America’s most critical infrastructure is our people. Our ability to maintain U.S. leadership of the global economy and defend against our adversaries depends on maintaining the competitiveness of our workforce. We have always stepped up to meet the economic and security challenges of the past. With these steps in mind, we are confident we will do so again today.
The technological is alarmingly becoming too geopolitical, especially in the case of the current global semiconductor shortage. As such, the EU should not focus on chip sovereignty, but rather find common ground with other states and commercial players.
The Chinese government has unveiled plans to reshape a vast array of technical standards that shape the products and services that consumers around the world rely on, but Beijing’s designs could spawn unintended consequences.
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