If the United States is to stay ahead of China militarily and technologically, it will need to put in place a new national innovation system that focuses on making U.S. advanced technology leadership—in both innovation and production—the central organizing principle of U.S. economic and national security policy.
Articles, Op-Eds, & Blogs
March 17, 2021
The country needs a grand bargain on data privacy legislation that empowers consumers but also reduces regulatory burdens.
March 16, 2021
This represents a perilous moment. Attempts to turn antitrust into a populist tool to dismantle large corporations will yield slower growth in living standards, static wages, and weak competitiveness.
March 15, 2021
As hard as it is to believe, there was a time—before the New Deal—when economists were largely treated like any other interest group, occasionally saying something interesting, but usually ignored
March 15, 2021
the core challenge now for the Korean innovation economy is to fully make the switch from being a “fast follower” (an economy in which firms are not on the global leading edge of innovation, but rapidly copy the leaders) to being a global innovation leader.
March 15, 2021
Public support for R&D is critical to bridge the gap in incentivizing technological progress. Three Portuguese economists examined the investment impact of tax incentives for “intangible investments,” another term for non-physical investments that increase productivity, such as human capital, software, and innovation.
March 12, 2021
Healthy enterprises are the prerequisites for production, which in turn is the prerequisite for consumption, growth, and prosperity.
March 12, 2021
The sectors that have suffered the most in the pandemic are laggard sectors—laggard, that is, in moving from old-fashioned, labor-intensive and low-wage business models to innovative, capital-intensive, technology- and skilled-based ways of delivering goods and services. Upgrading these backward industries into high-wage, technology-intensive sectors must be a priority.
March 9, 2021
Amidst an unprecedented pace of innovation, some 90 developing nations, led by India and South Africa, have petitioned the WTO’s TRIPS Council calling for a waiver to suspend all IP rights associated with COVID-19 innovations—again asserting the false narrative that IP rights inhibit access to medicines.
March 8, 2021
“Anti-monopoly” is now the solution de jour for all that ails the U.S. economy, just as it was in the early New Deal. That latest example of this trend is the “Competition and Antitrust Law Enforcement Reform Act” (or “CALERA”), introduced by Sen. Amy Klobuchar (D-MN), chair of the Senate Judiciary Committee’s Subcommittee on Competition Policy, Antitrust, and Consumer Rights, in an effort to “better protect competition in the American economy.”