Competitiveness

Technologies and tech companies are routinely accused of creating many societal problems. This book exposes these charges as mostly myths, falsehoods, and exaggerations.

Please join ITIF as it launches the Centre for Canadian Innovation and Competitiveness, an Ottawa-based ITIF affiliate focused on tackling these issues. This event will feature an expert panel discussion on a new report from the Centre examining the how and why of Canada’s performance on key measures of productivity, innovation, and competitiveness.

China is leading in chemical production, especially basic chemicals. And while it is currently lagging behind on innovation—especially in more complex fine chemicals—all signs suggest it will catch up with the global leaders within the next decade or two.

A recent working paper found that firms that had low multifactor productivity (MFP) to start with experienced higher MFP growth, and that firms with more intangible assets also had higher MFP growth.

Alone, America cannot stem Beijing’s rise in advanced industries. We need a new pact with Europe. Its objective should be to refuse to surrender to technological domination by the CCP. Being pioneers of the green transition will not be enough.

The changes two bills are making to reduce market concentration in the Canadian economy pose grave risks to the future of the innovation that is essential to keeping Canada’s innovation economy from declining even more.

By changing the tax credit to be quasi-incremental, unifying the rates between small and large businesses, and simplifying the filing process, the government will be able to incentivize private R&D spending more effectively.

As the Biden administration and Congress increasingly focus on U.S. competition with China, policymakers confront complex problems illustrated both by microchip supply chains and by current debates surrounding TikTok.

The chair of the Federal Trade Commission, Lina Khan, is using the crisis facing aerospace giant Boeing to press her case that “national champions” invariably behave badly because they are protected from competition. It is disappointing that Khan’s critique of Boeing reflects so little sectoral expertise and understanding of markets.

A report by the Economic Innovation Group (EIG) concludes that declining knowledge diffusion is the underlying cause of declining business dynamism. However, its theoretical model is based on flawed assumptions, while its mathematical model has methodological issues.