Anya Schmemann
These targeted government actions, and others detailed in the report, are intended to unleash the U.S. innovation ecosystem, allowing the private sector to scale and diffuse technology globally and responsibly. Given the rapid pace of technological change, the institutional improvements recommended above would also position the United States to better respond to future changes and technologies that have yet to emerge. Looking beyond today’s immediate challenges, the Task Force report concludes by offering principles to help U.S. policymakers decide whether and how to intervene in markets in the name of national security.
The Rise of Economic Security
Economic power has long been an important foundation for national security and an enabler of U.S. military and diplomatic power.1 In recent years, however, a series of global shocks have pushed economic power further to the front lines of national security policy. The COVID-19 pandemic disrupted global supply chains and exposed the downsides of concentrated economic interdependence. Russia’s invasion of Ukraine shook global energy and food markets and exposed Europe’s dangerous dependency on Russian energy supplies. China’s actions—especially its massive subsidies aimed at dominating the commanding heights of technology and attempts to dominate critical supply chains—directly threaten U.S. economic growth and technological leadership, as well as the interests of U.S. partners and allies.2
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