Conditions and assumptions of the Technology, Trade and Investment Collaboration framework (TTIC)

• Authors: Bartłomiej Homoncik

Abstracts

EN

The US-Taiwan Technology, Trade and Investment Collaboration framework is one of the American responses to the semiconductor Global Value Chains pandemic disruptions. It calls for closer economic and technological cooperation in the microchip industry including two-way investment. The aim of the study is to determine the potential positive and negative effects of TTIC within the context of complex Sino-American relations, and new approaches to globalisation with a special focus on its friend-shoring features. As the outcome of the analysis of the secondary data from research papers or reports and the descriptive research method conducted in this paper, TTIC appears as a balanced means of addressing the supply chain disruptions in the key sectors of the economy.

Keywords

EN

GVC; friend-shoring; semiconductors; US; China

• Publisher: Uniwersytet Ekonomiczny w Katowicach
• Journal: Academic Review of Business and Economics
• Year: 2023
• Volume: 4(1)
• Pages: 73-89

Dates

published

2023

Contributors

author

Bartłomiej Homoncik

• Cracow University of Economics, Institute of Economics

References

• Ambroziak, Ł., Błoński, Ł., Strzelecki, J., & Wąsiński, M. (2021). Transformacje motorów wzrostu w trzech największych gospodarkach świata. Warszawa: Polski Instytut Ekonomiczny.
• American Institute in Taiwan. (2022). Remarks by AIT Director at a Forum on U.S.Taiwan Cooperation on Semiconductor Supply Chain Resilience. American Institute in Taiwan. Retrieved March 16, 2023, from https://www.ait.org.tw/opening-remarks-by-ait-director-sandra-oudkirk-at-an-industry-forum-on-u-s-taiwan-cooperation-on-global-semiconductor-supply-chain-resilience/.
• American Institute in Taiwan. (n.d.). Technology, Trade and Investment Collaboration (TTIC). Retrieved March 16, 2023, from https://www.ait.org.tw/technology-trade-and-investment-collaboration/.
• Atlantic Council. (2022). Transcript: US Treasury Secretary Janet Yellen on the next steps for Russia sanctions and ‘friend-shoring’ supply chains. Atlantic Council. Retrieved March 16, 2023, from https://www.atlanticcouncil.org/news/transcripts/transcript-us-treasury-secretary-janet-yellen-on-the-next-steps-for-russia-sanctions-and-friend-shoring-supply-chains/.
• Council on Foreign Relations. (n.d., a). 1949-2023. U.S.-China relations. Retrieved March 12, 2023, from https://www.cfr.org/timeline/us-china-relations.
• Council on Foreign Relations. (n.d., b). Challenging China’s trade practices. Retrieved March 12, 2023, from https://www.cfr.org/interview/challenging-chinas-trade-practices.
• Grimes, S., & Du, D. (2022). China’s emerging role in the global semiconductor value chain. Telecommunications Policy, 46(2). https://doi.org/10.1016/j.telpol.2020.101959.
• He, T., & Malkin, A. (2021, July 1). Biden’s uphill battle to restructure the global semiconductor sector. Retrieved March 15, 2023, from https://thediplomat.com/2022/07/bidens-uphill-battle-to-restructure-the-global-semiconductor-sector/.
• Ikenberry, G. (2008). The rise of China and the future of the West: Can the liberal system survive? Foreign Affairs, 87(1), 23-37.
• Namchul, S., Kraemer, K., & Dedrick, J. (2012). Value capture in the global electronics industry: Empirical evidence for the “smiling curve” concept. Industry and Innovation, 19(2), 89-107. https://doi.org/http://dx.doi.org/10.1080/13662716.2012.650883.
• Office of the United States Trade Representative. (n.d.). The United States in the Trans-Pacific Partnership. Retrieved March 12, 2023, from https://ustr.gov/about-us/policy-offices/press-office/fact-sheets/2011/november/united-states-trans-pacific-partnership.
• Rogowska, B. (2022). Slow czy fast – wyzwania pandemii COVID-19 dla teorii i praktyki ekonomii. Optimum. Economic Studies, 1(107), 97-112. https://doi.org/10.15290/oes.2022.01.107.07.
• Smarzynska Javorcik, B., Kitzmueller, L., Schweiger, H., & Yıldırım, A. (2022). Economic costs of friend-shoring. EBRD Working Paper No. 274. https://doi.org/https://dx.doi.org/10.2139/ssrn.4327056.
• The United States Congress. (2022). Chips and Science Act. Congress.gov. Retrieved March 15, 2023, from https://www.congress.gov/bill/117th-congress/house-bill/4346.
• The White House. (2017). National Security Strategy of the United States of America. WhiteHouse.gov. Retrieved March 11, 2023, from https://trumpwhitehouse.archives.gov/wp-content/uploads/2017/12/NSS-Final-12-18-2017-0905.pdf.
• The World Bank. (n.d., a). GDP, PPP (constant 2017 international $) − China, United States. Retrieved March 10, 2023, from https://data.worldbank.org/indicator/NY.GDP.MKTP.PP.KD?locations=CN-US.
• The World Bank. (n.d., b). GDP growth (annual %) − United States, China. Retrieved March 10, 2023, from https://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG?locations=US-CN.
• The World Bank. (n.d., c). Research and development expenditure (% of GDP) − China, United States, European Union. Retrieved March 11, 2023, from https://data.worldbank.org/indicator/GB.XPD.RSDV.GD.ZS?locations=CN-US-EU.
• The World Bank. (n.d., d). GDP per capita growth (annual %) – World. Retrieved March 14, 2023, from https://data.worldbank.org/indicator/NY.GDP. PCAP.KD.ZG?end=2021&locations=1W&start=1961&type=shaded&view=chart&year=2020.
• The World Bank. (n.d., e). GDP growth (annual %). Retrieved March 14, 2023, from https://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG?end=2020&locations=US-CN-1W-EU&start=2000.
• UNCTAD. (2022a). General profile: China. UNCTADstat. Retrieved March 10, 2023, from https://unctadstat.unctad.org/CountryProfile/GeneralProfile/en-GB/156/index.html.
• UNCTAD. (2022b). General profile: United States of America. UNCTADstat. Retrieved March 10, 2023, from https://unctadstat.unctad.org/CountryProfile/GeneralProfile/en-GB/842/index.html#.
• UNCTAD. (2022c). Impact of the COVID-19 pandemic on trade and development: Lessons learned. Geneva: UNCTAD.
• U.S. Department of Commerce. (2021). Secretary of Commerce Gina M. Raimondo holds introductory call with the Taiwan Minister of Economic Affairs Mei-hua Wang. Retrieved March 16, 2023, from https://www.commerce.gov/news/press-releases/2021/12/secretary-commerce-gina-m-raimondo-holds-introductory-call-taiwan.
• U.S. Department of Commerce. (2023). Secretary Raimondo announces U.S.-India semiconductor supply chain and innovation partnership MOU in New Delhi. Retrieved March 16, 2023, from https://www.commerce.gov/news/blog/2023/03/secretary-raimondo-announces-us-india-semiconductor-supply-chain-and-innovation.
• U.S. Geological Survey. (2023). Mineral commodity summaries 2023. https://doi.org/10.3133/mcs2023.
• US Senate. (2021). Full committee hearing. The American jobs plan: Infrastructure, climate change, and investing in our nation’s future. US Senate Committee on Appropriations. Retrieved March 15, 2023, from https://www.appropriations.senate.gov/hearings/the-american-jobs-plan-infrastructure-climate-change-and-investing-in-our-nations-future.
• WTO. (2021). Global value chain development report 2021. Beyond production. https://doi.org/http://dx.doi.org/10.22617/TCS210400-2.
• Yeyati, E.L., & Filippini, F. (2021). Social and economic impact of COVID-19. Brookings Global Working Papers, 158.

Identifiers

DOI

10.22367/arbe.2023.04.05

Biblioteka Nauki

26731157