As global policy debate continues over how far the US should go in embracing industrial policy in its semiconductor subsidies, veteran trade negotiator and former presidential adviser Clyde Prestowitz weighs in. A new paper by Neha Mishra delves into the innovation and risks in the rising use of artificial intelligence in global trade. Asia’s developing countries need to focus on building the digital trade infrastructure, Henry Gao writes. Plus, our guide on how to use the World Economic Forum’s report on industrial policy. ICYMI, register now for a discussion on supply chain traceability and catch up on a webinar on European competitiveness.
NEW RESEARCH
Industrial policy worked. The US should use it again.
Clyde V. Prestowitz, Jr. 30 August 2022
Two weeks ago, we published an analysis by our Research Fellow Alex Capri on the risks in the US pivot toward industrial policy in handing out massive new subsidies to the semiconductor industry. This week, Clyde Prestowitz, a former trade negotiator and adviser to the Reagan, Bush, Clinton, and Obama administrations, writes from another perspective: The global chip industry, he says, has always been a child of industrial policy rather than free markets.
Digital trade’s latest frontier: artificial intelligence
Neha Mishra 30 August 2022
The widespread use of artificial intelligence has profound policy implications for global trade. Governments across the world are struggling to find the right regulatory tools balancing AI innovation with public interest. They are increasingly inclined to regulate AI with a heavy hand. Geneva Graduate Institute’s Neha Mishra explores how this impacts trade law, how AI helps drive trade, and how economies can build safeguards into their AI regulations.
Digital trade provisions abound in the sprawl of free trade agreements that cover the Asia-Pacific economies. Singapore Management University’s Associate Professor of Law Henry Gao breaks down the six major categories of provisions designed to facilitate digital trade. And he advises which to prioritize: Those that enhance trade infrastructure and reduce regulatory barriers for digital trade flow.
How to use it | Industrial policy and international competition: Trade and investment perspectives
The pandemic strengthened the state’s role in many economies. This white paper from the World Economic Forum (WEF) presents a useful discussion of the impact of industrial policies on international competition. It also provides recommendations for governments to consider as they formulate international trade rules governing the use of industrial policies.
In the aftermath of pandemic-induced supply chain disruptions, policymakers are calling for greater traceability in supply chains to ease the impact of these shocks. Join our upcoming webinar on 8 September at 11 AM SGT to unpack the policies that affect transparency and trackability in global supply chains.
The US-China rivalry has often overshadowed Europe's competitiveness. The Association of Foreign Press Correspondents and the Hinrich Foundation co-organized a webinar to discuss the European leadership in wind power and 5G technology and the rising challenge of China's ambition.
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