Publications

Competitiveness in the global space economy should be a priority for the United States, but ineffective regulations weigh down the American commercial space industry. While last year’s executive order was a good start, additional regulatory reforms are necessary to address key roadblocks to U.S. space capabilities.

If the year ahead in technology and innovation policy lives up to its potential, it could be a consequential one because there is a long list of important issues on the table. Herein, we offer 10 that are on top of our minds.

A report finds that firms that are 125 miles from the closest AI hotspot, defined as an area with over 1000 AI publications or patents, experienced 17 percent lower AI job growth between 2007 and 2019.

The United States increasingly relies on foreign talent, specifically temporary visa holders who earn STEM degrees at American universities, to fill critical roles in advanced industries. Policymakers should implement an expedited green card process for these individuals, particularly in computer science and engineering, to ensure U.S. competitiveness and retain this highly skilled workforce.

If South Korea seeks a globally credible competition law framework, it should avoid implementing a model of digital antitrust regulation that is, in many ways, even more intrusive than the EU's Digital Markets Act.

The International Monetary Fund found that the Chinese yuan is significantly undervalued, with Goldman Sachs estimating that the value of the currency is 25 percent below what is expected.

The U.S. is one of the few countries that doesn’t pay recording artists royalties when their music is played on AM/FM radio, and the American Music Fairness Act would close this loophole, ensuring artists are fairly compensated while leveling the playing field with streaming and satellite services.

New research from the U.S. Census Bureau shows that venture capital investment and advanced technology adoption are closely linked to higher employment and productivity. VC-backed, technology-adopting firms account for a disproportionately large share of U.S. jobs, even as venture investment has declined since 2021.

U.S. semiconductor export controls swing unpredictably between administrations, undermining innovation and security. The solution is a clear, bipartisan strategy that narrowly restricts the most sensitive technologies while allowing U.S. chipmakers to compete globally.

One way to gauge how U.S. firms engage globally is by examining receipts from the rest of the world as a share of GDP. Policymakers should track foreign receipts as a share of GDP as a standard indicator of how U.S. firms’ global activity is evolving and whether it aligns with national economic interests.