Legalization of US Technological Protectionism in the New Geoeconomic Reality

The increased competition for leadership in the global economy between the United States of America and "non-Western" countries has acquired special features with the overlay of a number of global economic cycles: the third technological megacycle, the sixth innovation wave and descending stage of the long Kondratiev cycle. The decisive factor in acquiring or retaining economic initiative is the availability of material, human and financial resources. In order to setup control over the global resource base and intensify the inflow of these resources, the United States have activated a policy of legalized technological protectionism. It is characterized by an increasing spread of aggressive instruments of pressure upon the economic systems of competitors, legally formalized at the national level and agreed upon at the level of international organizations and multinational companies. The article identifies the key reasons for the emergence of new forms of technological protectionism, analyzes the main instruments and considers the manifested aftereffects of this policy. The double-edged nature of modern technological protectionism for the initiating countries is proven. Its negative consequences for the global economy as a whole are revealed.

mercantilism, protectionism, technological protectionism, USA