[Hybrid] Battling it out - Decoding the Global Industrial Strategy Race Episode II: Critical Raw Materials
Faced with an increasingly unstable geopolitical and economic environment, industrial policy has been inserted as a core component of the agendas of the world’s three largest economies – the United States (US), China and the European Union (EU). Their strategies and regulations on renewable and low-carbon energy technologies, raw materials and technologies of the future are likely to result in profound implications for global supply and value chains while reshaping industries, especially high-technology sectors such as semiconductors.
What is the outlook for global geopolitics and trade amid this industrial strategy race? What are the implications of the various policy measures for the strategies of multinational companies? As the world drifts further away from globalisation, how will the elevation of industrial strategies impact the liberalisation of global trade?