Technology, Economics, And Governance Working Group

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Experts Address Harnessing Technological Innovation For America’s Competitive Edge

featuring John B. Taylor, Amy Zegartvia Hoover Daily Report
Thursday, May 27, 2021

During a session at the Hoover Institution’s 2021 Virtual Spring Retreat in April, Hoover scholars, accompanied by military and business leaders, explored the role of technology in national security strategy, as well as government’s role in fostering innovation. In what marked the first public session of Hoover’s Working Group on Technology, Economics, and Governance, participants included the project’s cochairs, senior fellows John B. Taylor and Amy Zegart; former CISCO chair and CEO John T. Chambers; and retired US Air Force chief of staff, General David Goldfein.

Introducing the Technology, Economics, and Governance Working Group

by John B. Taylor, Amy Zegartvia Hoover Daily Report
Friday, April 30, 2021

New technologies—from Internet advances to artificial intelligence to synthetic biology and many more—are transforming the global economy and connecting us in ways unimaginable only a few years ago. Emerging technologies are offering unmatched opportunities to alleviate poverty, raise economic growth, treat disease, and improve lives all over the world. But these technologies are also fueling new geopolitical competition between the United States and China and they are posing unprecedented governance challenges to domestic political institutions. The purpose of the Technology, Economics, and Governance Working Group at the Hoover Institution is to address these and other questions that lie at the nexus of technology, economics, and governance.

Chair
George P. Shultz Senior Fellow in Economics
Morris Arnold and Nona Jean Cox Senior Fellow
Featured

Hoover Institution Launches Technology, Economics, And Governance Working Group

Monday, May 17, 2021
Hoover Institution, Stanford University

The Hoover Institution has launched a new working group charged with assessing the opportunities and risks presented by breakthrough technologies for America’s economy, democratic governance, and national security interests.

Press Releases

The Technology, Economics, and Governance Working Group seeks to understand the drivers and dynamics of technological innovation in the 21st century, assess the opportunities and risks that breakthrough technologies are creating, and develop governance approaches that maximize the benefits and mitigate the risks for the nation and the world. Facts and objective analysis are the keys to the approach.


As described in more detail in this statement of purpose, the Working Group conducts original research, brings together private sector and public sector leaders, and develops policy recommendations for decision-makers at all levels of government.

New technologies—from Internet advances to artificial intelligence to synthetic biology and many more—are transforming the global economy and connecting us in ways unimaginable only a few years ago. Emerging technologies are offering unmatched opportunities to alleviate poverty, raise economic growth, treat disease, and improve lives all over the world. But these technologies are also fueling new geopolitical competition and they are posing unprecedented governance challenges to domestic political institutions.

Policymakers today are grappling with a host of difficult questions. Congressional proposals are increasingly calling for ways to reduce the power of large tech firms, from breaking them up to regulating them or taxing them. Yet it is not evident that any of these solutions will solve the problems the nation confronts with emerging technologies, and many of these approaches could hurt the nation by hobbling American innovation. Is the problem monopoly power, which leads to higher prices, or is it the power to exclude certain individuals or firms from using the platforms? How would break-ups take place, and would they depend on the market and the product? Are there better ways to proceed that do not throw out the scale advantages and greater global interconnectedness?