The Peterson Institute for International Economics (PIIE) and the Lee Kuan Yew School of Public Policy (LKYSPP) at the National University of Singapore are convening the second annual Next STEP Global Conference on November 10-11, 2022, in Singapore. This year the conference will focus on the economic implications of techno-nationalism—the idea that a country’s prosperity and security depend on gaining dominance or self-reliance in technology and that other countries’ technological progress is a threat.
This worldview is starting to dominate economic and foreign policy making in major economies, notably in China and the United States. The spread of COVID-19, supply chain disruptions, geopolitical conflict, and nationalist dissatisfaction with globalization all fuel this movement. The United States and China are racing to secure and develop the global flows of critical technologies through increasing control over trade, investment, public-private relationships, data privacy, and digital commerce—independent third countries meanwhile are trying to find their way between openness and alliances, all while navigating geopolitical, environmental, and private business interests.
While combining both justified and ill-founded concerns, unchecked techno-nationalism could stifle innovation globally, increase risk of armed conflict, disrupt economic and political freedom, and impede policies to address global health and climate change. Techno-nationalism is already transforming the global business and investment environment, not just supply chains, in other profound but overlooked ways. Improved national resilience may be necessary, but it has costs to consider.
To address this challenge to the global economy and technological innovation, LKYSPP and PIIE will bring together a select group of top policymakers, tech investors and leaders, and economic experts to define the issues, and examine how policies in specific sectors will shape business and innovation prospects and how techno-nationalism will influence global efforts to address decarbonization, public health, poverty reduction, fiscal sustainability, and inflation. Uniquely, the Next STEP Conference will engage the next generation of tech investors and global participants from outside the Beijing-Washington echo chambers to address these issues with substantive depth and action-oriented analyses. This must-attend event for policymakers, global business leaders, and innovators will offer opportunities for rewarding roundtable discussions in small groups, facilitated by PIIE fellows.
This year will be our first in-person conference in the series.
Please check back on this page later for more information.
About This Series
The Next STEP (Solutions to Economic Problems) Global Conference was launched in 2021 by the Peterson Institute for International Economics and the Lee Kuan Yew School of Public Policy at the National University of Singapore as a series of annual global dialogues where leaders meet to address challenges to human well-being arising from economic instability, insecurity, and exclusion. The sessions are aimed at producing actionable, effective, and sustainable solutions that can be adopted by national governments and international institutions. The inaugural event featured US Commerce Secretary Gina Raimondo, as well as Singaporean Senior Minister Tharman Shanmugaratnam, among other top officials and thought leaders, meeting virtually.