ITIF’s submission focuses on the ITC’s interest in recent developments in the digital economy for key SSA markets, including national and regional regulatory and policy measures and market conditions that affect digital trade.
When attempting to evaluate the effect that a policy intervention can have on development or innovation, researchers and policymakers routinely look to short-term impacts, both out of urgency and because of the difficulty in maintaining contact with participants over several years.
Over the last decade, mobile money services have brought banking to populations that have lacked formal financial services by allowing users to manage money on their mobile phones. First launched in Kenya in 2007, 96 percent of Kenyan households now use mobile money and can withdraw funds in physical currency from 110,000 agents across the country.
Meet Arthur Zang, a 29 year-old Cameroonian engineer who invented the handheld Cardio-Pad, the world’s first medical tablet facilitating heart examinations and remote diagnosis. The Cardio-Pad is a touch-screen tablet device for conducting cardiac tests such as electrocardiograms in remote locations, and then sending the results to cardiologists in city centers often hundreds of miles away.
A natural U.S.-India innovation partnership exists, but much more needs to happen to turn this into an alliance that both countries and their firms can rely for a sustainable future. One key component is around intellectual property.
Over the past year, key U.S. allies South Korea and Japan have been embroiled in a political and trade dispute which has many antecedents in the past, but which has been exacerbated by more recent developments. While certainly concerning, the trade dispute in some ways has presented an opportunity for the United States to assert renewed diplomatic engagement in the region.
A key problem in assessing the impact of e-commerce is that the goods that are commonly sold online are not random, so we cannot easily distinguish between price changes driven by e-commerce and price changes that would have happened regardless.
Stephen Ezell presented about digital trade’s vital importance to Pacific economies at the Chinese Taipei Pacific Economic Cooperation Community’s 34th Annual Summit in Taipei on October 22, 2019.
The Unites States needs to develop a better response to counter China’s use of censorship as a non-tariff barrier to trade, and to deter other countries that may seek to replicate the practice.
There is a vibrant debate underway in Washington about how to respond to China, particularly its “innovation mercantilist” policies. Most ideological camps favor tougher action than the U.S. government has taken in the past, but there is little consensus on what that action should look like.
China’s state-backing of Huawei and ZTE allowed these companies to seize global market share from more innovative international competitors, reducing their growth in sales and investments in R&D. This, in turn, hurt global innovation in the industry.
COVID-19 has prompted calls for reshoring of medical goods, including strict “Buy American” prescriptions. While reshoring is important, “Buy American” fails to recognize the value of the global supply chain and avoids addressing the real problem, China.
Join ITIF's Center for Data Innovation in Brussels to discuss why European success in AI is important, how the EU compares to other world leaders today, and what steps European policymakers should take to be more competitive in AI.
The European Union’s future prosperity is heavily reliant on it maintaining its status as a leader in the automotive industry. Indeed, the sector directly and indirectly accounts for more than six percent of EU employment, and the turnover it generates represents over seven percent of its gross domestic product.
AI detractors believe the potential risks of AI outweigh the benefits. But this ignores the overwhelming examples of how AI is having a positive impact in many areas of the economy and society. If EU policymakers want to foster rapid development and adoption of AI they should follow the innovation principle which says that when technological innovations benefit society and pose modest and not irreversible risks, government’s role should be to pave the way for widespread innovation while building guardrails, where necessary, to limit harms.
A “French Airbnb” is a bad idea. It is based on politically biased motives and a misguided application of industrial policy, seeks to dominate a market that is longer up for grabs, will fail for lack of credibility and, even if it were to succeed, it will not add value for consumers.
Europe is trying to get other nations, including in Latin America, to adopt its regulatory regime in order to reduce its own competitive disadvantage.
Brazilian economic growth has been faltering steadily for years, from an average growth rate of 4.5% from 2006 to 2010, to 2.1% from 2011, to just 1.1% in 2017 and 2018. To say that Brazil’s economy needs a short in the arm is an understatement.
Nigel Cory gave a presentation at an Asia-Pacific Economic Cooperation (APEC) Digital Trade Policy Dialogue in Puetro Varas, Chile.
A survey of allied think tanks summarizes what 23 nations and the EU are doing best when it comes to innovation policy, and where there are the greatest opportunities to improve. In many cases, the successes can serve as model policies for other countries to adopt.
The core argument that users create value is wrong. The distribution of taxable profits between countries normally reflects where value is created. The export of a product or service, whether digital or analog, usually does not create additional value and profits from imports into a country are normally not subject to corporate income tax.
Writing for the World Economic Forum (WEF), Nigel Cory and WEF Digital Trade Fellow Mike Gallaher, summarize a recent report they authored for WEF that enumerates key steps policymakers should take to support cross-border payments and digital trade growth.
Just because DSTs may be attractive to individual countries doesn’t make them good policy. In fact, they are bad policy. A central goal of good tax policy should be to treat similar transactions the same way. DSTs violate this principle in a number of ways.
A World Economic Forum report—produced with extensive research contributions from ITIF—analyzes key barriers and challenges to cross-border payments and recommends how to overcome them to support global trade.