Toward Globalization 2.0: A New Trade Policy Framework for Advanced-Industry Leadership and National Power
Globalization 1.0 has failed, but protectionist autarky cannot be its replacement. Instead, it is past time to craft a new kind of globalization that advances U.S. interests in key industries and prevents China from becoming the dominant techno-economic power.
The Value of Follow-On Biopharma Innovation for Health Outcomes and Economic Growth
Follow-on biopharmaceutical innovations deliver substantial health and economic benefits by improving the safety and efficacy of existing therapies, addressing unmet patient needs, expanding therapeutic applications, and enhancing adherence. Supportive policies are essential to sustain progress and ensure broad access to these medical advances.
The Trade Imbalance Index: Where the Trump Administration Should Take Action to Address Trade Distortions
As the Trump administration seeks to rebalance America’s trade relationships, it should focus the most attention on countries where U.S. industries face the worst trade distortions and imbalances, and where the greatest gains can be achieved for the U.S. economy. China, India, and the European Union top that list.
BEAD Needs All Technologies to Succeed
The administration should reform the Broadband Equity, Access, and Deployment (BEAD) program to stop favoring overly expensive fiber when LEO satellites could do the same job for less. Taking a technology-neutral approach to broadband deployment would save money that could be better spent on other causes of the digital divide.
Why AI-Generated Content Labeling Mandates Fall Short
Mandatory labeling for AI-generated content, particularly through watermarking, is neither a reasonable nor effective solution to the issues policymakers seek to address. Rather than singling out AI-generated content, policymakers should prioritize building trust within the digital ecosystem as a whole.
Why South Korea Should Resist New Digital Platform Laws
Policymakers in South Korea are weighing a raft of digital market provisions inspired by the EU’s Digital Markets Act. Their goal is to rein in allegedly anticompetitive practices by Big Tech firms. But the proposed interventions are unwarranted and risk harming innovation, straining relations with the United States during uncertain times, and opening the door to China.
No, Reviving the Robinson-Patman Act Will Not Lead to More Competition or a Better Economy
Neo-Brandeisians aim to reinvigorate the Robinson-Patman Act to protect small businesses. But the act doesn’t address any anticompetitive conduct that isn’t already covered by the Sherman Act, and enforcing it will only harm consumers and limit growth. Rather than repeat history’s mistakes, the next Congress should repeal the act once and for all.
China Is Rapidly Becoming a Leading Innovator in Advanced Industries
There may be no more important question for the West’s competitive position in advanced industries than whether China is becoming a rival innovator. While the evidence suggests it hasn’t yet taken the overall lead, it has pulled ahead in certain areas, and in many others Chinese firms will likely equal or surpass Western firms within a decade or so.