Soumaya Keynes

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118 appearances 1 recordings 1 series first heard Aug 2026 last heard 6 Aug

Soumaya Keynes’s voice in public audio — every appearance, attributed to the second.

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Unhedged · The Economics Show: China wanted western tech. Now, the tables have turned. · 6 Aug 2026 podcast

And in recent policy debates, you've seen the Industrial Accelerator Act, the IAA, which

quote, lays down conditions for large foreign investments which will apply to investments above 100 million euros by investors from countries that account for a 40% share of global production.

And that rhyme with Schmeiner, you might as well say.

So I think what the Europeans are trying to do is make sure that more of the value associated with a foreign investment spills over to Europe, that they get some of those ideas when the Chinese invest, which is kind of funny in a way, because in a sense,

Where we started with the Trump-China trade wars was a concern about forced technology transfer, right?

The Chinese had been applying this policy of trying to extract foreign tech for years.

The Americans felt that they had been doing that in an underhand way.

And then there were tariffs.

So it's kind of funny that the source of all this tension at the beginning is now, you know, we've gone full circle.

And we're now saying, oh, actually, we need to know how to do it better.

How did you come to be researching this question?

Okay, well, we're going to get into all of that in greater depth.

But first of all, I want to go back, right, and give a bit more context, because it's not like China is the only country in the world to benefit from technology transfers, right?

I mean, the Chinese themselves often refer to this example of the US benefiting from technology transfer, some would say theft, from the Brits.

What's your favorite historical example of that kind of thing?

Okay, so there was that dilemma.

And then effectively, what the Chinese leadership said to foreign multinationals was, okay, you can come into our market, we'll give you market access, but you have to share your tech.

So can you give me a flavor of the types of policies that they use?

How do they implement that?

Okay.

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