The Case for Cracking Down on Large Corporations and Promoting Small Businesses Is Deeply Flawed
A Democratic staff report from the House Small Business Committee claims that small businesses are better for the economy and large firms are harming it. But most of the report’s assertions stem from flawed research, and its policy recommendations would be detrimental.
A Techno-Economic Agenda for the Next Administration
The next administration needs to place innovation, productivity, and competitiveness at the core of its economic policy. To that end, this report offers a comprehensive techno-economic agenda with 82 actionable policy recommendations.
How Innovative Is China in Nuclear Power?
Though China built upon a foreign base of technology, it has become the world’s leading proponent of nuclear energy. Chinese firms are well ahead of their Western peers, supported by a whole-of-government strategy that provides extensive financing and systemic coordination.
From Cart to Claim: Addressing Product Liability in Online Marketplaces
State product liability laws traditionally hold manufacturers, distributors, and sellers strictly liable for defective products they bring to market. As consumers increasingly make purchases from online marketplaces—platforms that aggregate products from multiple third-party sellers—new questions arise about how to best protect them from defective products that pose a risk to health and safety.
Assessing Canadian Innovation, Productivity, and Competitiveness
Canada faces unprecedented challenges in innovation, productivity, and competitiveness. The first step in addressing them is to develop a clear understanding of the Canadian economy’s underlying structure and performance in each area. Policymakers must then tailor strategies for specific industries and technologies instead of focusing on principally on macro factors.
Not Again: Why the United States Can’t Afford to Lose Its Biopharma Industry
America’s leadership in advanced-technology industries can never be taken for granted, as evidenced by its losses in telecommunications equipment, semiconductors, televisions, solar panels, and chemicals. Policymakers must recognize what went wrong in those cases to avoid a similar industrial decline in the biopharmaceutical industry.
The Hamilton Index, 2023: China Is Running Away With Strategic Industries
China now dominates the strategically important industries in ITIF’s Hamilton Index, producing more than any other nation in absolute terms and more than all but a few others in relative terms. Its gains are coming at the expense of the United States and other G7 and OECD economies, and time is running short for policymakers to mount an industrial comeback.