Growing animus toward “Big Tech” companies and generalized opposition to technological innovation engenders support for policies that are expressly designed to inhibit it. That is deeply problematic for future progress, prosperity, and competitiveness.

A Policymaker’s Guide to the “Techlash”—What It Is and Why It’s a Threat to Growth and Progress

The United States is struggling to move innovative energy technologies from discovery to scale. This gap could put the climate and U.S. investments at risk. A nonprofit foundation working with the Department of Energy could help fill the gap.

Mind the Gap: A Design for a New Energy Technology Commercialization Foundation

Expanding the 25-year-old trade agreement that eliminates tariffs on ICT goods would spur broad-based growth for countries that sign on, because lowering prices increases ICT adoption, which spurs productivity and innovation throughout the economy.

How an Information Technology Agreement 3.0 Would Bolster Global Economic Growth and Opportunity

Many say the decline in new business formation over the past 30 years has been caused by increased monopoly. But there is no statistical relationship between start-up creation and change in concentration by industry; high-growth start-up activity is healthy.

Monopoly Myths: Is Concentration Leading to Fewer Start-Ups?

Low profit margins keep many small businesses from investing in productivity-enhancing technology, which in turn holds down wages. To break that cycle, there should be a federal program that helps them reap economies of scale and scope by collaborating in areas such as R&D, investment, marketing, and health insurance purchases.

Small Business Boards: A Proposal to Raise Productivity and Wages in All 50 States and the District of Columbia

Last week, the Bureau of Economic Analysis updated a recent paper on the digital economy to include more precise data, and it expanded the observed period to cover the years 1997 through 2017. In doing so, it found that the digital economy grew 9.9 percent annually over this 20-year period—4.3 times faster than the overall economy—and represented 6.9 percent of U.S. GDP as of 2017.

Fact of the Week: The Digital Economy Grew 4.3 Times Faster than the U.S. Economy Overall from 1997 to 2017

A new study has sought to quantify this impact, tracking the availability of drugs released after 1981 that are designed to treat 66 diseases across 27 countries.

Fact of the Week: Drugs Launched After 1981 Have Saved 149 million Years of Life

Labor productivity growth has slowed dramatically across the developed world in recent years. In the United States, it dropped to just 0.96 percent in the 10-year period from 2007 to 2017. That was down by more than half from 2.06 percent in the previous 10-year period.

Fact of the Week: The Digital Economy has Contributed to 86 Percent of U.S. Labor Productivity Growth in Recent Years Despite Accounting for Only 8.2 Percent of GDP

Although automation in the German manufacturing sector decreased employment by 23 percent from 1994 to 2014, these job losses were fully offset by new job opportunities in the service sector, writes John Wu in Innovation Files.

Fact of the Week: In Germany, Manufacturing Jobs Lost Through Automation From 1994 to 2014 Were Fully Offset by New Service Sector Jobs

American childen born to parents in the top 1 percent of the income distribution are 10 times more likely to grow up to be an inventor than those born to parents with incomes below the median, writes John Wu in Innovation Files.

Fact of the Week: An American Child Born to Parents in the Top 1 Percent of the Income Distribution is 10 Times More Likely to Grow up to be an Inventor Than a Child Born to Parents With Incomes Below the Median

When India and Indonesia adopted e-procurement for infrastructure projects, construction quality improved 16 percent on average, writes John Wu in Innovation Files.

Innovation Fact of the Week: When India and Indonesia Adopted E-Procurement For Infrastructure Projects, Construction Quality Improved 16% on Average

University scientific researchers from many Asian nations are attracting substantially more industry funding per researcher than their American counterparts claims a new report released last week.

Scientific Researchers at Asian Universities Attracting More Industry Funding than American Counterparts

China is at the global forefront of the electric vehicle (EV) and EV battery industries. Its firms produce nearly two-thirds of the world’s EVs and more than three-quarters of EV batteries. They also have produced notable innovations in EV products, processes, and customer experiences.

How Innovative Is China in the Electric Vehicle and Battery Industries?

Completing a second expansion of the Information Technology Agreement (an “ITA-3”) could bring more than 400 unique ICT products under the ITA’s tariff-eliminating framework, which would add more than $750 billion to the global economy over 10 years.

How Expanding the Information Technology Agreement to an “ITA-3” Would Bolster Nations’ Economic Growth

AI-enabled automation is positively associated with changes in occupation employment shares in a sample of sixteen European countries. 

Fact of the Week: Two-Thirds of US Adults Think the Government Should Encourage the Production of Wind and Solar Power

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How an Information Technology Agreement 3.0 Would Bolster Global Economic Growth and Opportunity