National Competitiveness

Please join us for this timely discussion on the future of Korea’s competition policy and digital economy.

ITIF’s fall seminar course will explore core emerging technologies that are reshaping our world and the public policy challenges and opportunities influencing their development and application. The course is open to congressional and federal staff only.

If Senator Sanders wants to raise wages, he should focus on the real cause of slow growth, lagging productivity from low capital investment, instead of stymieing AI.

Asians earn bachelor’s degrees in STEM fields at much higher rates than other racial and ethnic groups, strengthening the United States’ innovation capacity, industrial base, and global competitiveness. Their academic success is an asset that should be rewarded, not penalized.

Korea has entered the global top four economies in innovation, powered by world-class research intensity and corporate R&D. Amid a persistent input–output gap and weak startup M&A activity, the challenge now is scale: converting knowledge into globally competitive firms.

Compared to the United States, venture capital (VC) activity in the European Union (EU) is low, with EU-headquartered firms receiving $1.4 trillion less VC funding than their American counterparts from 2013 to 2022.

While critics attack “big tech” from many angles, these five companies develop frontier technologies that require large-scale development, build infrastructure ranging from data centers to subsea cables, and create spillovers from health care to nuclear energy.

For the EIA to succeed, the Commission needs to address Europe’s broader economic policy environment. The EU’s reliance on the precautionary principle has entrenched a risk-first mindset that slows innovation and diverts resources away from competition and quality improvement.

Although the seven values of the American Business Creed were widely accepted in the 1950s, two have eroded over time, driven largely by changes in business itself.

Unless we can restore the growth imperative in the West, we can—no surprise—expect slower, or in the case of some countries like Canada and the UK, negative per-capita income growth.