The Economics Show: China wanted western tech. Now, the tables have turned.
About this episode
Today, we're bringing you an episode from another podcast in the FT stable: The Economics Show with Soumaya Keynes
For decades, China accelerated its industrial development through a straightforward bargain: foreign firms invested in China, often through joint ventures, gaining access to the enormous Chinese market, while Chinese companies absorbed western tech and knowhow. Today, that dynamic is changing. China's high-tech industries are now world-leading, and western governments are looking on enviously. So should the US and EU now take a page from China's playbook? Host Soumaya Keynes speaks to John Minnich, assistant professor of international relations at LSE, about the history of Chinese tech transfer, how it drove industrial sophistication and whether the west could — or should — attempt something similar.
Listen to more from The Economics Show: podfollow.com/economics-show
Further Reading
How China pulled off a great tech reversal
EU to include UK and Japan in ‘Made in Europe’ plans
Presented by Soumaya Keynes. Produced by Mischa Frankl-Duval. Original music and sound design by Breen Turner. Manuela Saragosa is the executive producer. Flo Phillips is the FT’s head of audio.
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