In October, the International Laboratory on World Order Studies and the New Regionalism hosted a research seminar in which Dr. Glenn Diesen, Professor in the Faculty of World Economy and International Affairs at HSE, presented a recent paper entitled ‘Geoeconomics in the Fourth Industrial Revolution: The Restructuring of Global Value Chains.’ The discussion centred on how technology has become increasingly important for competitiveness in global value chains. This subsequently incentivizes government support for technological development as the main tool for Great Power rivalry, which can be seen in the cooperation between Western governments and corporations over the past several decades to develop technological leadership with high-value activities and concurrently engineer hierarchically-structured global value chains.