China leverages antitrust law to achieve industrial policy objectives—including in the tech sectors that are crucial to its rivalry with the United States—but it does so through an insular bureaucracy that is surprisingly fragmented and therefore difficult for outsiders to understand.
Articles, Op-Eds, & Blogs
July 26, 2021
Fact of the Week: Long-Term Digitalization Policy in Kenya Has Accelerated Economic Growth, and It Brought Digital Payment Services to Over 40 Million People In 2020
While there are more advancements to be made, Kenya’s long-term innovation policies for improved digital access prove that digitalization is a force for sustainable economic growth among developing nations.
July 21, 2021
Senate Hearing Inadvertently Shows Why Antitrust Policy Is the Wrong Prescription for What Ails Drug Markets
Four out of five Americans say prescription drug prices are unreasonably high, according to a recent KFF survey—and people across the political spectrum say pharma profits are a major contributing factor.
July 19, 2021
Fact of the Week: Applications for New U.S. Businesses Reached an All-Time High in 2020 and are Increasing Stably in 2021
The observed spike and stable rise in new business applications is a strong indicator of a surge in new businesses and of the U.S. economy’s continuing recovery from the Covid-19 pandemic.
July 12, 2021
The U.S. economy has been in a productivity depression for more than a decade, suffering from a historically unprecedented slowdown in labor productivity growth.
July 12, 2021
Fact of the Week: Intangible Capital Investments Increase Production More Than Twice as Much in Services as in the Product Sector
Germany’s firm-level production findings are emblematic of ongoing transitions of advanced economies becoming driven by information rather than fixed capital.
July 8, 2021
A year after the Court of Justice of the European Union’s (CJEU’s) Schrems II decision to invalidate the EU-U.S. Privacy Shield, U.S. and other foreign firms and trading partners face an uncertain and increasingly onerous legal environment. The transatlantic digital relationship is in a perilous position.
July 6, 2021
When it comes to technology and the economy, the U.S. is grappling with two contradictory goals: competing with China in advanced technology industries and ramping up antitrust enforcement against leading U.S. tech companies.
July 6, 2021
As patents become increasingly crowded, the level of IP protection they provide falls alongside the likelihood that firms can recoup investments in research, which reduces incentives for further scientific research.
July 1, 2021
The ability to verify online that some is who they say they are is critical for an increasingly digital world. While a federal solution would be ideal, state-issued digital licenses are a move in the right direction.