While there is a lot of misinformation circling about the Libra system, the goals of an open, general-purpose financial system are admirable. Policymakers should support these systems, whether they are facilitated by tech companies like Facebook, cryptocurrency businesses, banks, or any other organization.
Innovation Files Blog
June 17, 2019
Fact of the Week: The Share of International Students Studying in the Top 25 OECD Countries Dropped From 88 Percent in 1999 to 67 Percent in 2015
Student mobility has increased dramatically in recent years with 4.1 million students studying internationally in 2015, more than triple the 1.3 million international students in 1999. New research shows that these students are now far less concentrated in developed nations.
June 14, 2019
The Indian Government has lagged in approving safe biotech improved crops for years while farmers around the world have been reaping the rewards. Indian farmers are "not gonna take it anymore..."
June 10, 2019
Fact of the Week: Tariff Increases Through November 2018 Redirected $165 Billion in Trade on an Annualized Basis, Reducing Overall U.S. Welfare by $16.8 Billion
The United States imposed six sets of tariffs in 2018, levying taxes on $303 billion worth of U.S. imports, which drove other nations to impose tariffs on $121 billion worth of U.S. exports. New analysis of U.S. trade through November 2018 found that nearly all the value of tariffs was passed through to U.S. companies and consumers in the form of domestic price increases.
June 3, 2019
Fact of the Week: New Data Shows 30 Percent of the Value of U.S. Imports From Mexican Manufacturers Originates in the U.S.—67 Percent Higher than Previous Estimates
As trade has globalized, it has become increasingly rare for goods to be produced entirely by any single nation. An import to the U.S. is likely to contain value produced in several countries, including in the U.S. itself. This presents a significant challenge to measuring the actual value created by any one nation. But a detailed analysis of Mexican customs data has revealed that U.S. exports to Mexico are disproportionately likely to return to the U.S. rather than stay in Mexico or be sold elsewhere.
May 30, 2019
Regulatory reform is difficult to accomplish on a large scale because it requires a detailed examination of specific market factors, which takes time and expertise to accomplish. On each issue, regulators must balance the desire to promote competition and innovation with the need to protect public safety.
May 29, 2019
In an important development for India’s digital economy, the Delhi High Court issued a decision on April 10 that provides a new policy tool for right holders to better protect the intellectual property that is tied up in their copyrighted music, movies, and other digital content.
May 28, 2019
Fact of the Week: Danish Firms Increased Domestic Tech Employment by 40 Percent For Every 10 Percent of Production They Outsourced
Offshoring is widely maligned for reducing manufacturing employment in advanced economies. However, by lowering costs and utilizing global value chains, firms that outsource can afford to increase their investments and funding for higher-productivity jobs, making the overall economic implications less clear.
May 24, 2019
As the energy and technology ministers of many of the world’s largest economies gather May 29 in Vancouver, Canada, for the latest in an ongoin
May 23, 2019
There are good opportunities to improve regulation of data privacy in the United States, but the “Act to Protect the Privacy of Online Customer Information” proposal is not one of them. This legislation fails to balance privacy with other key interests and wouldn’t effectively increase users’ privacy writes Doug Brake.