Silicon Valley’s role as a tech capital continues to grow in scale and importance, according to a new report. The region, and a few other coastal tech hubs, are gobbling up a greater share of high-tech jobs than ever. The data suggests just a few places are pulling away from the rest, taking the highest-paying jobs and investment with them.
Rising US–China tensions go beyond trade and involve a broad range of issues including strategy, security and values. It’s pertinent to also look at the choices that ASEAN and others are facing in the context of this great power contest, including decisions on economic development and technology.
A nation that has the aspiration to become a leading power someday cannot continue with unsettled borders, an unintegrated region and under-exploited opportunities. Above all, it cannot be dogmatic in approaching a visibly changing global order. Napoleon once said that history is a version of past events that people have decided to agree upon. The world that awaits us not only calls for fresh thinking, but eventually, a new consensus at home as well. Putting dogmas behind us is a starting point for that journey, says India’s Foreign Minister S. Jaishankar.
EU officials want to set up a €100 billion wealth fund to bolster “European champions” against American and Chinese business rivals like Google, Apple and Alibaba. The proposal for a so-called European Future Fund appears in an unusually radical raft of plans that European Commission officials want to put onto the agenda of their president-elect, Ursula von der Leyen, whose mandate begins on November 1.
For years, Europeans were lulled into thinking that the peace and prosperity of the immediate post-Cold War period would be self-sustaining. But, two decades into the twenty-first century, it is clear that the Old Continent miscalculated and now must catch up to the digital revolution.
As China transformed, many Western scholars and policymakers predicted that economic reform and integration into the world economy would force the country to liberalize politically and become a “responsible stakeholder” in the international system. The idea, sometimes called “convergence theory,” was that as China grew wealthier, it would become more like the United States. The theory was comforting, but it did not pan out.
To get a sense of how thoroughly the global digital economy is dominated by the US and China, look no further than a recent list of the world’s most valuable internet-based companies. Eleven of the top 20 are from the US; the remainder are based in China.
Read Here – Boston Consulting Group
In the restaurants and coffee shops at the heart of southern China’s hi-tech powerhouse the main topics of conversation have shifted from industry gossip such as IPOs, mergers and innovations to the trade war with the US and Washington’s campaign against Huawei.
Read Here – South China Morning Post
Also Read – China Mobilises Diplomats To Drum Up Global Support Ahead Of G20
China’s national security issues – from Taiwan to the South China Sea and food security – will be at stake as the United States expands the trade war, according to some of Beijing’s most experienced US hands. Beijing has long claimed that national interests were at the heart of its main differences with Washington in the trade talks but it had not specified them publicly.
Some Chinese diplomats have responded to US moves to blacklist Huawei with accusations the decision was “politically motivated”, others have threatened retaliation, and at least one has posted goofy memes on social media in defence of the tech giant.
