From a skewed standardization law in China to mercantilist digital services tax proposals in Europe, when countries impose protectionist policies in high-value, high-tech sectors, they don’t just damage competitors; they damage the entire global innovation system.
The United States and likeminded countries should not repeat Australia’s mistakes and should instead embrace strong encryption—not try to cripple it.
A featured essay for Australian’s Department of Industry, Innovation and Science discusses what nations can to do spur productivity growth and encourage the development of new technologies.
As the auto industry shifts toward electric vehicles and the electricity grid draws more energy from variable renewables, high-capacity, high-performance and affordable batteries are becoming one of the most important areas of technological innovation needed to reduce carbon emissions. This is why batteries are emerging as a strategic focus for global manufacturing and innovation. Suddenly, governments, industry leaders, and new market entrants in North America, Europe, and Asia are racing to strengthen their capabilities to develop, produce, and use advanced batteries.
Manufacturing digitalization promises to transform how products are designed, fabricated, used, and serviced, but more needs to be done to facilitate the uptake of digital technologies by manufacturers in the United States, Korea, and beyond.
Rob Atkinson presented on the challenges and opportunities in driving Korean innovation for the the Next Production Revolution to an international conference focused on Korea’s growth as an innovative and inclusive nation on May 24th in Seoul, South Korea.
Australia’s economic and trade policy strategies will need to reflect the emerging set of behind-the-border digital trade barriers that countries are enacting in an attempt to give their local firms an unfair advantage.
Brazil, China, Indonesia, Russia, and Vietnam fielded some of the year’s worst innovation mercantilist policies. Their targets included Internet-based services, electric vehicles, biopharmaceuticals, computers and electronics.
India's transport minister Nitin Gadkari recently announced his opposition to driverless vehicles in the country, saying he would "not allow any technology that takes away jobs." This kind of rhetoric may make for good politics, but it's terrible economics and awful for the future of Indian workers who need the country to continually modernize.
By reducing costs, the Information Technology Agreement (ITA) leads to increased use of ICT goods, which spurs productivity and economic growth in signatory nations, while deepening their enterprises’ participation in global value chains.
President Widodo promised a renewed focus on innovation and economic growth. But his government has undermined its own strategic goals by badly weakening intellectual property laws that are critical for innovative industries are to thrive.
An analysis of Vietnamese manufacturing firms found those that adopted internationally recognized best practices for management were 69 percent more productive than firms without such certifications, writes John Wu in Innovation Files.
Speaking in Ho Chi Ming City, Vietnam, at an Asia-Pacific Economic Community (APEC) workshop on electronic labeling best practices, Nigel Cory explained the benefits of electronic labeling and how it can help facilitate trade and innovation in information communication technology.
By reducing costs, the ITA leads to increased use of ICT goods, which spurs productivity and economic growth while deepening enterprises’ participation in global value chains. This generates new tax revenues to partially or fully offset tariff losses.
GE and Philips’ experience in India is a clear example of how global companies—whose business models rely on intellectual property—can leverage technology transfer, intellectual property, and global research and production networks to develop innovative solutions to local health problems, writes Nigel Cory in Innovation Files.
When schools in New Zealand gained broadband Internet service, their test passing rates increased by one percentage point, writes John Wu in Innovation Files.
Innovative manufacturing Filipino firms are more productive and profitable than their less innovative domestic counterparts, writes John Wu in Innovation Files.
Trade improves productivity in manufacturing supply chains, as seen in recent empirical evidence from Vietnam, writes John Wu in Innovation Files.
When India implemented a biometric smartcard system, it ensured that an extra $41 million a year goes to welfare recipients instead of being lost to inefficiency and corruption, writes John Wu in Innovation Files.
As Singapore continues its efforts to transform a small island nation into a global innovation hub, the innovation-enabling trade regime the Trans-Pacific Partnership fosters will benefit all industries but especially advanced technology ones, in areas such as life sciences and information technology, on which Singapore’s economy (like America’s) increasingly thrives, writes John Wu in Innovation Files.
A high-standard Trade in Services Agreement can update the rules governing services trade for the digital age, and in doing so, provide economy-wide improvements in productivity and innovation.
ITIF urges U.S. policymakers to take decisive steps to ensure the United States continues to be a world leader in high-performance computing.
By pushing for a financial data carve-out in the TPP, the United States has undermined its own interests and sent a dangerous message that may encourage countries to enact more protectionist data policies.
Rob Atkinson gave an overview of the tactics and strategy responsible for the rapid growth of the East Asian economy and compared it to the opportunities available for Latin America.
Instead of focusing just on increasing technology development in export sectors, writes Rob Atkinson for the Korea Economic Institute of America, Korea should seek to grow by increasing productivity and innovation across its entire economy.