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.
Cross-border data flows represent a critical component of the increasingly digital global economy. A new study of Japanese firms estimates the influence these flows have had, finding that firms which transmit data internationally increase their productivity by 6.1 percent, on average.
The draft Mandatory Bargaining Code for News Media and Digital Platforms is predicated around the false idea that news aggregators take advantage of news publishers.
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.
China will likely be the biggest business disruptor of the 2020s because of its unique position as the world’s largest market for many products, the leading supplier of many more, the toughest competitor, and the West’s chief geopolitical rival. Indeed, China has already exceeded the economic impact of earlier rivals the West has faced, and going forward it will be much more difficult to counter.
The study finds that for technologies that China has identified as strategic, a patent application’s risk of rejection rises from 16.6 to 25.6 percent if it is foreign, an increase of 54 percent.
China is striving to become the global leader in biopharmaceuticals, but many of its policy steps are “innovation mercantilist” in nature. This not only is expected to threaten U.S. leadership, but also slow global life sciences innovation, with negative consequences for cures and treatments.
In a response for the European Commission’s public consultation on its “white paper on levelling the playing field as regards foreign subsidies,” ITIF agreed there is a need for new legal instruments to address distortions of the internal market arising from subsidies granted by non-EU authorities.
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.
Threatening to make it harder for the U.K. to engage in digital trade with the EU is a misguided move that will cause the EU to only fall further behind in the digital economy. To stay competitive post-Brexit and in the digital economy, the EU should ensure its data protection framework facilitates rather than obstructs data transfers with the U.K. and allow easier international transfers with more countries.
By disincentivizing the use of short-term rental platforms, European policymakers are hurting the competitiveness of the overall European economy, negatively impacting the goals of the economic recovery, consumer choice, and welfare.
Lagging in the global technological race and caught between a U.S.-China rivalry, the European Union has been working to develop its own capacities in a number of key emerging technologies such as cybersecurity, AI, quantum computing, and, not least of all, 5G. This next-generation wireless standard will be one of the pillars of the future digital economy, but it faces fraught geopolitical challenges that deserve a broadly coordinated policy.
Colombian citizens and businesses use government websites every day to find important information and access public services, and so it is important for those websites to meet basic standards for security, speed, mobile friendliness, or accessibility. According to a new report[RC1] released jointly today by two leading think tanks, the Information Technology and Innovation Foundation (ITIF) and TicTac, Colombian government agencies have opportunities to modernize their sites by further investing in cybersecurity, mobile-friendly web design, and cloud-based hosting.
Citizens and businesses rely on government websites to access important information and services. Unfortunately, many Colombian government websites fail to meet basic website standards for security, speed, mobile friendliness, and accessibility.
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.
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.