THE CHANGING GLOBAL ORDER
The New Global Order
Is the battle for tech domination about to get very, very ugly?
The arrest of the Huawei CFO, Sabrina Meng, on behalf of the US authorities and Japan can be seen not only as a singular corporate pinpointing, but a personal attack on the daughter of Huawei founder Ren Zhengfei and loud message to all Chinese technology firms who are suspected to have an undercurrent of playing patriotic politics.
It’s a medieval tactic that proves classically effective: If you want to hurt your rival, lock up his daughter.
Will this ban of the world’s second largest smartphone producer be the tipping point of a fully-fledged trade war, or worse? What will the repercussions of the US power-play be? The current US administration believes there are no win-wins, only win-loses. For America to win, China must lose. How will the Chinese tech dragons react? And where does this leave Europe and Japan?
If sanctions, tariffs and quotas are imposed on the world’s largest markets, not only will prices be entirely distorted, but the rest of the world will also pay the penalty in reaction to the instability of these economies. It will no doubt be a dramatic case to watch in the coming months, but if history repeats itself, the world’s most powerful economies may become embattled in escalating tensions that could mirror the Cold War.
On the other hand, many game-changing inventions and business models have emerged from previous economic and military conflicts. Everything ever accomplished by NASA, for example, has its roots in the rivalry between the two superpowers. Today, one of the most popular Cold War inventions is digital photography.
And where would digital photography be without the internet? Terrified that a Soviet bombing campaign could destroy telephone lines in U.S. and silence vital military communications, scientists at NASA, MIT, and the U.S. Department of Defense’s Advanced Research Projects Agency (ARPA) began to think of workaround communication strategies. The outcome was ARPANET, the prototype of the modern internet. What started as a contingency plan in case of a Cold War attack eventually morphed into one of the most significant human technologies ever created.
The panel discussion „The New Pecking Order In The World“ will consider how power is in the midst of a radical shift, and what measures European entrepreneurs and managers can take to retain a strong position, no matter the fallout.
Panelists in this discussion are: