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: Why Global Collaboration is Critical for Driving Innovation Why Global Collaboration is Critical for Driving I...

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Why Global Collaboration is Critical for Driving Innovation

From the medical industry to the tech sector, collaboration benefits companies and consumers alike

By Joy Tan, SVP of Public Affairs, Huawei USA

Researchers working for Covid Vaccines
Researchers working for Covid Vaccines

The Covid-19 pandemic has showcased how vital global collaboration is to tackling society’s biggest challenges.

Researchers around the world joined forces and sprang into action earlier this year to develop a Covid-19 vaccine. While development normally takes years, there are already several promising inoculations. International cooperation has been essential because of the magnitude of resources required to speed progress. For example, American pharmaceutical company Pfizer Inc. worked with the German drug maker BioNTech to develop its highly touted vaccine.

Covid-19 testing programs have also benefited from the global collaboration, such as the rapid and cheap testing kits Senegal’s Institut Pasteur developed with British biotechnology firm Mologic.

Even beyond medicine it’s been proven time and time again that collaboration is essential for fostering innovation and driving economic growth. Consider international trade. When the U.S. and China opened up trade relations around 40 years ago, it paved the way for the landmark technological advancements consumers now enjoy every day. Many groundbreaking products have been designed in the U.S., manufactured and assembled in China, and then shipped to consumers around the world. This system has accelerated the pace of innovation, quickly producing cost-efficient products.

As China’s tech sector has grown rapidly in the past few decades, trade between the two countries has continued to become more intertwined. Huawei – which is headquartered in China and has offices and innovation centers around the globe – is one of the world’s biggest buyers of semiconductor chips, purchasing chips from U.S. companies like AMD and Intel for PCs and servers, and smartphone chips from Qualcomm.

And it’s not just physical products that are bought and sold between U.S. and Chinese companies, there is also a thriving intellectual property market. Since 2001, Huawei has paid more than $6 billion to license IP from third parties, 80 percent of which was paid to U.S. companies. Global companies are taking advantage of Huawei’s technologies too; since 2015, Huawei has received more than $1.4 billion in licensing revenue. Developing cutting-edge technologies takes considerable time and investment, so licensing IP offers a great way for companies to share their advancements while also making a profit. Consumers also benefit by getting access to the latest technologies faster.

As the mass availability of Covid-19 vaccines help many different industries return to business as usual, and thus boost the global economy, governments should continue to consider policies that promote global collaboration for the benefit of everyone.

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An illustration shows US President Joe Biden surrounded by the foreign-policy issues he has faced in his first two years in office.
An illustration shows US President Joe Biden surrounded by the foreign-policy issues he has faced in his first two years in office.

Biden’s Foreign-Policy Report Card

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Two years into his first term, how has U.S. President Joe Biden fared on foreign policy? Is there a clear Biden doctrine? Is America in a stronger or weaker position globally?  The answers ...Show moredepend on whom you ask.  Join FP’s Ravi Agrawal for a lively discussion about the Biden administration’s foreign-policy successes and failures half way through his first term, with Stephen Wertheim, a senior fellow at the Carnegie Endowment for International Peace, and Nadia Schadlow, a senior fellow at the Hudson Institute and a former U.S. deputy national security advisor for strategy during the Trump administration.  

A Russian flag at the Embassy of Russia is seen through a bus stop post in Washington, DC on April 15, 2021. - The US announced sanctions against Russia on April 15, 2021, and the expulsion of 10 diplomats in retaliation for what Washington says is the Kremlin's US election interference, a massive cyber attack and other hostile activity. President Joe Biden ordered a widening of restrictions on US banks trading in Russian government debt, expelled 10 diplomats who include alleged spies, and sanctioned 32 individuals alleged to have tried to meddle in the 2020 presidential election, the White House said. (Photo by MANDEL NGAN / AFP) (Photo by MANDEL NGAN/AFP via Getty Images)
A Russian flag at the Embassy of Russia is seen through a bus stop post in Washington, DC on April 15, 2021. - The US announced sanctions against Russia on April 15, 2021, and the expulsion of 10 diplomats in retaliation for what Washington says is the Kremlin's US election interference, a massive cyber attack and other hostile activity. President Joe Biden ordered a widening of restrictions on US banks trading in Russian government debt, expelled 10 diplomats who include alleged spies, and sanctioned 32 individuals alleged to have tried to meddle in the 2020 presidential election, the White House said. (Photo by MANDEL NGAN / AFP) (Photo by MANDEL NGAN/AFP via Getty Images)

Do U.S. Sanctions Work?

February 6, 2023  |  12:00pm ET
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When Washington seeks to curtail Beijing’s ambitions or punish Moscow for its war in Ukraine, it often turns to a familiar tool: sanctions. In the last two years, the Biden administration ...Show morehas deployed unprecedented muscle in the form of sanctions as part of its foreign-policy arsenal.  The question is whether those sanctions work effectively. In which countries are they achieving their desired impact? Where are they less successful? And how does the use of sanctions impact U.S. power more broadly?  Join FP’s Ravi Agrawal in conversation with two experts: Agathe Demarais, the global forecasting director at the Economist Intelligence Unit, and Nicholas Mulder, an assistant professor of history and a Milstein faculty fellow at Cornell University. Together, they will explore whether sanctions are an effective tool to achieve U.S. interests abroad and how the government might improve them.  

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What to Expect From Russia’s Looming Offensive

January 26, 2023 | View Now

This week, Germany and the United States announced that they would be supplying Ukraine with dozens of Leopard 2 and M1 Abrams tanks to combat Russia’s invasion. Moscow said these tanks we...Show morere more evidence of direct and growing involvement by the West in the conflict. How will the delivery of these tanks change, and potentially escalate, fighting in Ukraine? And is NATO as united as it was earlier in the war? For the latest on the Russia-Ukraine war, watch FP executive editor Amelia Lester’s timely conversation with FP’s team of reporters.

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Stefan Schostock, mayor of the town of Hanover, hands over a present to former German Chancellor Gerhard Schroeder at a reception to celebrate his 70th birthday at City Hall on April 7, 2014 in Hanover, Germany.
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The True Power Center of Germany Isn’t Berlin

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Protestor standing in front of a river, holding a sign against the Amazon River Club Development.
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Amazon’s New Africa HQ Pits Indigenous South Africans Against Each Other

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