The global trading system is facing a growing threat. You can call it innovation mercantilism. In the quest for innovation leadership, too many countries are bending and breaking the rules, playing zero sum games, and thinking only about short term gains for themselves. In doing so, they could be killing the goose that will lay the golden egg for them and for the rest of the world. In this blog, posted at Huffington Post, ITIF summarizes its survey of international innovation policies and practices titled, The Good, The Bad, The Ugly, and The Self-Destructive of Innovation Policy. The report brings fresh thinking to an age-old problem short-sighted mercantilism. This blog sums up why innovation mercantilists are wrong-headed and what the international community can do about it.