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Noah Smith 🐇🇺🇸🇺🇦🇹🇼
@Noahpinion
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Countries like India and Turkey should insist that Chinese companies transfer their technology in order to manufacture in-country -- just like China insisted that Western companies transfer their technology, 20 years ago. Fair is fair. That's how countries grow!
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Glenn
@GlennLuk
Thats’s why the easiest structure here is to do a 50/50 joint venture. Hard for China to say no, this is 1:1 reciprocity. Chinese cos. have an incentive to monetize existing R&D investment. Local player gets joint operating control + decision-making. bloomberg.com/news/articles/
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David J. Levy (黎帝杰)
@CN_MFG
If Turkey or India insists foreign manufacturers transfer technology, Chinese investors will consider that, along with other costs & benefits, in deciding whether or not to manufacture there. If that rule contravenes existing agreements, they may have a legit complaint, though.
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RajTheAnalyzer
@RajAnalyzes
I wholeheartedly agree, insisting on tech transfer can greatly benefit countries like India, it's a pragmatic approach to growth and development.
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duggu𝕏
@duggux93
Its already started with
@MGMotorIn
earlier they struggle to sell thr cars in india with just 1% of market share frm last 5/6yrs. Now they have to sold around 49% stake of (MG India) to indian companies with 35% stake to steel & energy giant
@TheJSWGroup
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Copra_equus
@Copra_equus
How should they enforce the agreed technology transfer though? They can't just expect that the CCP would respect it, can they?
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angry_development
@BondDogs8787
I used to work for a large multinational insurer in Canada and part of my work was reviewing joint venture agreements. The one with a Chinese insurer (50/50) specifically had clauses related to the Canadian insurer transfering actuarial, technological and managerial expertise to
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Ali Khayrallah
@alisk
Unencumbered by fact, I speculate that China will have a very hard time doing tech transfer. It will be an indirect proof that they are not comfortable yet that their lead is so large that the recepients won’t catch up for decades.
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Alex V
@AlexanderV837
At this point China is beyond every other country in manufacturing, innovation, IP & patents—if not per capita then as a whole—so not just India & Turkey but EVERY country should do that.
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LeMay
@LeMay_meme
Globalization is dead. Take it or leave it, Turkey and India are not irreplaceable.
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Mark Christie
@Lovetheworld87
Just don't manufacture in those counties, if local citizens or companies need the product they can just pay more for transport and allows local companies to develop. That's a better idea
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In 2007, the UK had higher GDP per capita ($50K) than the US ($48K). Now (2022) ours is $76K and theirs is $46K! (Source: World Bank) Their economy has actually shrunk on a per-head basis. And stuff like this is going to make the gap bigger: marginalrevolution.com/marginalrevolu
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