Economic security and Technological sovereignty in modern industrial policy
DOI: 10.33917/mic-6.119.2024.94-103
The article examines the global trend of «reloading» national industrial strategies in the context of recent geopolitical and geoeconomic challenges. We describe the countries’ transition from priorities of economic efficiency to dominant priorities of economic security and their course towards achieving technological sovereignty (self-sufficiency) as its central component. We analyze this course in the leading world economies (EU, USA, China), as well as the risks for its successful implementation. Special attention is paid to a similar Russian course – the only alternative under the sanctions pressure. We find that in all types of economies, including Russia, achieving technological sovereignty may be a more difficult task than governments expect, and that the accumulation of inefficiencies from fragmentation of the global economy into blocs will eventually force countries to return to greater economic openness.
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