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Richmans' Trade and Taxes Blog
Peter Navarro writes commentary on China's industrial espionage
In a January 15 commentary in the San Francisco Chronicle, economist Peter Navarro discussed China's industrial espionage. Here is a selection:
China's recent cyberattacks against Google and as many as 33 other U.S. corporations open up a dangerous new industrial espionage front in Beijing's war on American business....
Chinese industrial espionage, along with other illegal means to acquire American business technology, is hardly new either. For example, an American manufacturer such as GM or Intel that produces in China must surrender some of its technology. Such forced technology transfer is clearly illegal under World Trade Organization rules, but U.S. executives meekly kowtow for a piece of the action.
Navarro urges that the United States government not allow such attacks upon American industry:
At the dawn of this new cold cyberwar, President Obama and Secretary of State Hillary Rodham Clinton must be clear: Any attack on America - from Pentagon hackings and industrial espionage to forced technology transfer and mercantilist weapons like currency manipulation - represents an act of aggression and will not be tolerated.
When will we elect leaders that will defend American industry from the attacks by foreign governments?
Journal of Economic Literature:
Atlantic Economic Journal: