Reports & Briefings

Globalization 1.0 has failed, but protectionist autarky cannot be its replacement. Instead, it is past time to craft a new kind of globalization that advances U.S. interests in key industries and prevents China from becoming the dominant techno-economic power.

Follow-on biopharmaceutical innovations deliver substantial health and economic benefits by improving the safety and efficacy of existing therapies, addressing unmet patient needs, expanding therapeutic applications, and enhancing adherence. Supportive policies are essential to sustain progress and ensure broad access to these medical advances.

As the Trump administration seeks to rebalance America’s trade relationships, it should focus the most attention on countries where U.S. industries face the worst trade distortions and imbalances, and where the greatest gains can be achieved for the U.S. economy. China, India, and the European Union top that list.

South Korea stands at a crossroads as its restrictive “positive regulation” and “shadow regulations” stifle innovation in AI, crypto, and mobility tech, allowing China to race ahead. Korea must modernize this framework or risk losing its position as a global innovation leader.

The Inflation Reduction Act (IRA) undermines innovation in small-molecule drugs by subjecting them to price controls after 9 years, whereas large-molecule drugs (biologics) are allowed 13 years of market pricing. Congress should pass the bipartisan EPIC Act to remedy this issue.

The U.S. government must adopt a clear-eyed view of China’s technology security strategy by recognizing China is temporarily lagging in some sectors, rapidly catching up in others, and already leading in many.

The Trump administration and Congress have a golden opportunity to put clean energy policy on a new, more viable track by adopting an innovation-based strategy to spur technologies that can compete with fossil fuels on both price and performance.

The Aegis Project’s mission is to defend U.S. technology leadership and ensure America wins the global competition with China by calling attention to domestic and foreign policies that undermine U.S. technology firms’ ability to innovate and compete on fair terms in global markets.

The administration should reform the Broadband Equity, Access, and Deployment (BEAD) program to stop favoring overly expensive fiber when LEO satellites could do the same job for less. Taking a technology-neutral approach to broadband deployment would save money that could be better spent on other causes of the digital divide.

Congress should create a more targeted and durable Affordable Connectivity Program by aligning funding priorities with the remaining causes of the digital divide. By prioritizing affordability rather than deployment, the new program can connect low-income households without new federal spending.