Stanford Seminar - Technology Management During a Time of U.S.- China Friction | Summary and Q&A

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October 31, 2019
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Stanford Online
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Stanford Seminar - Technology Management During a Time of U.S.- China Friction

TL;DR

Understanding the US-China friction in technology and its implications for technology managers.

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Questions & Answers

Q: How does the US-China friction today compare to the conflicts with Japan in the 1980s?

The conflicts share similarities in terms of government-industry collusion, IP theft, and unfair competition. However, China's larger economy and potential for global dominance make the current situation more pervasive and concerning.

Q: What are the key areas of technology where the US and China are in conflict?

The conflicts revolve around integrated network technologies, artificial intelligence, and 5G networks. China's government support and investments in infrastructure have enabled them to compete in these areas.

Q: How is the US government trying to disengage the American economy from China?

The US government is implementing tariffs, increasing export controls, scrutinizing foreign investments, and imposing restrictions on visas. They also have entity lists to prohibit business dealings with specific Chinese companies.

Q: What are the implications of decoupling the US and Chinese economies?

Decoupling may lead to the relocation of manufacturing back to the US, changes in global supply chains, and a shift towards different economic models in both countries. It could also lead to inflation and higher consumer prices.

Summary & Key Takeaways

  • The US-China friction has historical roots, similar to the conflicts with Japan in the 1980s over memory chips.

  • The current conflict revolves around technology, such as integrated network technologies and artificial intelligence.

  • China's rising economy and focus on innovation are causing concerns about IP theft, government-industry collusion, and unfair competition.

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