Chamber of Commerce Warns of 'Techno-Nationalist' Agendas

Governments around the world are disguising “techno-nationalist policies” as national security improvements, said a U.S. Chamber of Commerce report released Thursday. The policies artificially give competitive advantage to domestic companies, hurting the global economy, said the Chamber. It urged countries to embrace a globalized information and communications technology (ICT) sector and allow foreign competition. “A highly connected and global ICT sector is the backbone of innovation and has arguably been one the most powerful drivers of global economic welfare over decades,” said Executive Vice President Myron Brilliant in a statement. “Today’s digital economy demands a free flow of data and ideas to make modern commerce and trade possible. From banking to e-commerce to managing a global supply chain, nearly everything requires complex transactions cutting across hardware and software platforms, industries, and jurisdictions.” The report was written in consultation with Covington & Burling and the Rhodium Group, the Chamber said.