Publications

The biopharmaceutical industry generated over $800 billion in direct output in the United States in 2022, and indirectly supported an additional $850 billion in output through its suppliers and other downstream sectors, for a total of $1.65 trillion in economic output.

China’s space industry was once nascent. But, with support from the Chinese Communist Party, it has developed into a robust commercial sector and is closing the innovation gap with the United States.

South Korea produces large numbers of STEM graduates, but too many are attracted to medicine, and too few go into engineering. Korea should rebalance its education financing and university incentives to ensure that enough engineers are ready to work in advanced industries.

Proposals to tax AI computing power are proliferating as concerns about AI grow. But an AI compute tax would slow productivity growth, drive investment abroad, and do little to protect workers or preserve the tax base.

A ban on personalized pricing would not make Canada more affordable; it would eliminate discounts at the bottom of the distribution and raise the floor for price-sensitive shoppers, the very consumers these proposals aim to protect.

If the UN were serious about ending poverty and improving living standards worldwide, it would make productivity growth the organizing principle of its sustainable development agenda.

Designating Microsoft’s business software under the UK's new regulatory framework contradicts the government's stated goals of driving innovation and economic growth, as over-regulating these tools would deter long-term investment and represent an disproportionate, unnecessary exercise of authority when standard competition laws already suffice.

Five states—Utah, Connecticut, Ohio, Texas, and North Carolina—are showing how centralized AI sandboxes, oversight frameworks, and clear evaluation metrics can help governments move beyond isolated pilot programs and scale AI tools to deliver measurable improvements in public services.

NextNav’s proposal for the FCC to unilaterally grant it greater rights at the expense of other users of the 900 MHz band is not in the public interest.

Broad semiconductor tariffs may aim to strengthen U.S. national security, but could ultimately weaken U.S. technological leadership. Higher chip costs could raise consumer prices while slowing investment in the AI infrastructure that drives future growth.