To a very considerable extent, the recent trajectory of world affairs has reshaped the way industrial competition plays out, particularly across Asia’s major manufacturing and technology hubs. Protectionist foreign security and trade policies and heightened geopolitical rivalry have brought about a business environment in which “battles” over innovation are no longer fought across borders, but between companies operating in the same domestic market. This dynamic is especially visible in Asian economies, where state-led industrial strategies intersect with private-sector competition. Industrial corporations often find themselves competing with each other for favorable market positions and for government support. Knowledge, know-how and proprietary technology often escape leading firms’ institutional control, dramatically increasing the value of intellectual property rights.
The exodus of highly skilled talent from leading established companies in pursuit of personal economic incentives, quicker innovation cycles and new opportunities present an interesting challenge for legal frameworks, whose traditional home vs.
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