The United States is currently the world leader in technological innovation, but it faces a challenger in China. It is responding by adopting measures the authors term “shielding, stifling and spurring,” such as the new export controls on Huawei.
Victor Ferguson is completing a Ph.D. on the concept of "economic lawfare" at the Australian National University's School of Politics and International Relations and is a member of the ANU College of Asia and the Pacific's Working Group on Geoeconomics.
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This is the fourth post in a series on the new Geoeconomic World Order.
As a key element of its economic and national security strategy, China has worked to become more technologically advanced when it comes to innovating and manufacturing critical technology.
In recent years, shifts in how the United States understands its national interest have contributed to a growing convergence between the realms of economics and security.
The international system appears to be entering into a new geoeconomic world order, characterized by great power rivalry between the United States and China and the use of economic tools to achieve strategic goals.