29 July 2022

GEOTECH: ACCELERATING THE RACE FOR INNOVATION LEADERSHIP


Throughout 2021, the first year of the Biden administration has been marked by a continued recognition of the Geotech challenge. Both in the administration and Congress, there is recognition that China is the pacing threat for national security and the main competitor in the Geotech challenge. Our understanding and realization of Russia’s technological model has also grown deeper and more nuanced. As the United States and other key allies share in a greater understanding of this Geotech challenge and the impact on economic and national security, we have seen greater agreement on multilateral approaches to Geotech—and, if not agreement, at least a willingness to engage on Geotech cooperation and oppose digital authoritarianism.

This race for technology leadership is as much determined in corporate boardrooms and research laboratories as it is the chambers of Congress or the halls of the Pentagon. We have seen this reflected in policies aimed to bolster U.S. research and development and competitiveness. Policymakers’ have demonstrated their leadership and support for critical technologies and crucial supply chains, while also moving to block investments and exports that serve to bolster our competitors’ technological aims. Having recognized the international challenge, the strategically critical technologies, the needed investments, and what is at stake, it is now time to move rapidly to ensure continued innovation leadership.

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