US will also suffer from its control of technology export

That the US stock market dropped sharply immediately after the US government put forward the proposal on Tuesday to tighten the control on exports of various artificial intelligence technologies indicates what the market thinks of the move.

The down vote is recognition that the flow of capital in pursuit of innovations and their commercialization has been a driving force for economic globalization, which has been highly profitable for tech companies and those countries in the vanguard of science and technology developments.

Multinational corporations have led the way in the profound compressing of time and space that has flattened and changed the world over the last couple of decades, and the overwhelming majority of international technological transfers have been conducted among multinational companies in pursuit of profits.