"We should be grateful to Ostry and Nelson for giving clarity and balance to interrelated subjects too often dominated by passion and muddle." Keith Pavitt, University of Sussex Sylvia Ostry is chair of the Centre for International Studies, University of Toronto. Richard R. Nelson is professor of international and public affairs, business, and law at Columbia University. This work is part of the Integrating National Economies series. As global markets for goods, services and financial assets have become increasingly integrated, national governments no longer have as much control over economic markets. With the completion of the Uruguay Round of the GATT talks, the world economy has entered a fresh phase requiring different rules and different levels of international cooperation. Policies once thought to be entirely domestic and appropriately determined by national political institutions, are now subject to international constraints. Cogent analysis of this deeper integration of the world economy, and guidelines for government policies, are urgent priorities. This series aims to meet these needs over a range of 21 books by some of the world's leading economists, political scientists, foreign policy specialists and government officials.

"Techno-globalism" is the term used by policymakers to describe the process of opening government and Research and Development programs to foreign participation. This book focuses on Japan's approach to techno-globalism, in particular the policies of the Ministry of International Trade and Industry (MITI). It also explores the politics underlying the approach to this issue in the triad of leading R&D centers - Japan, the United States, and the European Union. The author examines various theoretical approaches to the political economy of globalization, and he describes systems of innovation in Japan, the United States, and the European Union, emphasizing research linkages among forms, national labs, and universities.

This book develops new theoretical perspectives on the economics and politics of innovation and knowledge in order to capture new trends in modern capitalism. It shows how giant corporations establish themselves as intellectual monopolies and how each of them builds and controls its own corporate innovation system. It presents an analysis of a new form of production where Google, Amazon, Facebook, Apple and Microsoft, and their counterparts in China, extract value and appropriate intellectual rents through privileged access to AI algorithms trained by data from organizations and individuals all around the world. These companies’ specific form of production and rent-seeking takes place at the global level and challenges national governments trying to regulate intellectual monopolies and attempting to build stronger national innovation systems. It is within this context that the authors provide new insights on the complex interplay between corporate and national innovation systems by looking at the US-China conflict, understood as a struggle for global technological supremacy. The book ends with alternative scenarios of global governance and advances policy recommendations as well as calls for social activism. This book will be of interest to students, academics and practitioners (both from national states and international organizations) and professionals working on innovation, digital capitalism and related topics.

Techno-Geopolitics explores contemporary U.S.–China relations and the future of global cyber-security through the prisms of geopolitics and financial-technological competition. It puts forward a new conceptual framework for an emerging field of digital statecraft and discusses a range of key issues including the controversies around 5G technology, policy regulations over TikTok and WeChat, the emergence of non-traditional espionage, and potential trends in post-pandemic foreign policy. Analysing the ramifications of the ongoing U.S.–China trade standoff, this book maps the terrain of technological war and the race for global technological leadership and economic supremacy. It shows how China’s technological advancements not only have been the key to its national economic development but also have been the core focus of U.S. intelligence. Further, it draws on U.S.–China counterintelligence cases sourced from the U.S. Department of Justice and Federal Bureau of Investigation (FBI) to explore emerging patterns and techniques of China’s espionage practice. A cutting-edge study on the future of statecraft, this volume will be of great interest to scholars and researchers of international relations, security and intelligence studies, information technology and artificial intelligence and political science, especially U.S. foreign policy and China studies. It will also be of great interest to policymakers, career bureaucrats, security and intelligence practitioners, technology regulators, and professionals working with think tanks and embassies.

The biomedical industry, which includes biopharmaceuticals, genomics and stem cell therapies, and medical devices, is among the fastest growing worldwide. While it has been an economic development target of many national governments, Asia is currently on track to reach the epicenter of this growth. What accounts for the rapid and sustained economic growth of biomedicals in Asia? To answer this question, Kathryn Ibata-Arens integrates global and national data with original fieldwork to present a conceptual framework that considers how national governments have managed key factors, like innovative capacity, government policy, and firm-level strategies. Taking China, India, Japan, and Singapore in turn, she compares each country's underlying competitive advantages. What emerges is an argument that countries pursuing networked technonationalism (NTN) effectively upgrade their capacity for innovation and encourage entrepreneurial activity in targeted industries. In contrast to countries that engage in classic technonationalism—like Japan's developmental state approach—networked technonationalists are global minded to outside markets, while remaining nationalistic within the domestic economy. By bringing together aggregate data at the global and national level with original fieldwork and drawing on rich cases, Ibata-Arens telegraphs implications for innovation policy and entrepreneurship strategy in Asia—and beyond.