Tag

Globalization

Halting the global technology divide

The attempt of all large economic areas to take a leading position in key technologies at the expense of everyone else is a costly process. A more efficient and cost-effective way is to cooperate internationally in a division of labor. After all, not every economy can be at the top. If everyone tries to do everything on their own, growth and prosperity will suffer.

By Redaktion Table

Frank Sieren und Christian Sommer

"Companies want to do business, not politics"

Small and medium-sized enterprises (SME's) are hit heavier by Covid visa regulations than by sanctions between the EU and China, says Christian Sommer, head of the German Centre in Shanghai. Sanctions are of no use, he says, and decoupling does not make sense. Despite all this, China is still dependent on the presence of foreign companies and their employees. But there is no point in forcing Europe to choose between China and the USA. The German Centre is a positive example of how government and business can work together, says Sommer in an interview with Frank Sieren.

By Frank Sieren