1. Chips, subsidies, security, and great power competition
- Author:
- John Edwards
- Publication Date:
- 05-2023
- Content Type:
- Commentary and Analysis
- Institution:
- Lowy Institute for International Policy
- Abstract:
- Government subsidies to industry in leading economies are large and growing, with potentially deep, wide-ranging, and unpredictable consequences for the world. It is not clear what rules, if any, will apply in this new era of industry competition, nor whether the measures will be effective in denying frontier technology to rival economies. The impacts of industry subsidies and export controls, including for countries such as Australia, hang on their implementation — beneficial in so far as they speed tech innovation, but detrimental if they split the global economy into competing blocs.
- Topic:
- Security, Economy, Subsidies, Competition, and Microchips
- Political Geography:
- Australia and Global Focus