Enterprise Policy

How China’s systematic campaign to dominate strategically important industries threatens America’s technological leadership, economic strength, and national security—and what U.S. policymakers should do about it.

South Korea should reject fee caps that could weaken services and growth opportunities, enforce existing competition law, and help restaurants adopt technologies that reduce operating costs and improve productivity.

Korea should pass a coherent digital asset framework that gives firms room to build and compete. Restrictions on stablecoin issuers and crypto exchanges should demonstrate measurable public benefits.

The U.S. regulatory state has become a major headwind for national economic power industries competing against China, and incremental reforms will not be enough for America to avoid techno-economic defeat. U.S. policymakers need to adopt a national developmentalist model.

The number of venture capital deals involving unicorns—firms valued at $1 billion or more—is growing, with $245.6 billion invested over 225 transactions in Q1 alone. 78 percent of this value was raised by just 5 firms.

Canada may reach its AI adoption target and still miss its promised productivity gains. Delivering those gains will require deep adoption by large firms, supported by regulatory certainty and stronger tax treatment for AI deployment.

Both small and large firms are essential to America’s innovation system because they specialize in different forms of innovation. Congress should double the regular R&D tax credit to 40 percent and reduce the red tape associated with claiming it.

The Canada Strong Fund is trying to be a sovereign wealth fund, development bank, commercial investor, industrial policy vehicle, and retail savings product all at once. Until Ottawa clearly defines its purpose, it risks becoming a debt-financed vehicle searching for a rationale.

Watch ITIF’s Centre for Canadian Innovation and Competitiveness' webinar featuring leading experts who will discuss what is driving Canada’s capital exodus and what it will take to fix it.

Seventy percent of young Koreans hold university degrees. Only 14 percent of jobs are in large firms. The most immediate concern is not jobs disappearing due to AI, but that there are too few high-quality jobs in the first place.