The research, part of the ReThinkGSC project, underscores the importance of the international research and development ecosystem in fostering innovation. [...] The scope of these export restrictions has been vastly expanded since then, with the explicit goal of limiting Chinese advances in the sector so that the US and its allies remain at the technological edge in the event of a conflict. [...] The acquisition of the German robotics company KUKA by Chinese Midea Group in 2017 sparked a debate about the importance of preventing knowledge flows out of the EU to a “systemic rival”4. [...] 4 Policies to attract knowledge flows While policies are being introduced to limit the outflow of knowledge to current or potential rivals, western economies, particularly the EU and the US, are also actively seeking to reverse the trend of knowledge outflow to rivals by enticing the inflow of expertise and manufacturing capabilities into their own territories (a phenomenon known as reshoring). [...] Such activities induce both a knowledge flow from the country of the acquired entity to the purchaser9, and a flow in the other direction as the foreign owner has an incentive to introduce productivity-enhancing technology and practices in its newly acquired subsidiary (see eg Bloom et al, 2012).
- Pages
- 15
- Published in
- Belgium
