The lack of an American industrial policy made it easier for Korea and other nations to close the gap with America, and to surpass the U.S. in certain areas. But that may be finally beginning to change.
the core challenge now for the Korean innovation economy is to fully make the switch from being a “fast follower” (an economy in which firms are not on the global leading edge of innovation, but rapidly copy the leaders) to being a global innovation leader.
The most important thing to understand is that U.S. policy will not return to the status quo that existed before President Donald Trump.
The trade-off between economic growth and environmental sustainability may be overstated.
Automation’s effect on labor demand has long been seen by the public as negative. Japanese researchers challenged this perception when they examined robots’ impact on employment across a range of Japanese industries from 1978 to 2017.
U.S. states that have adequate artificial intelligence capabilities could benefit by looking east, at a small Asian country already leading in AI.
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.
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.
Stephen Ezell gave a presentation to KIA-KIET on October 16, 2019 addressing how recently introduced Japanese controls on certain product exports to Korea will affect the global semiconductor industry supply chain.
An APEC report—produced with extensive research contributions from ITIF—on how firms use data and the impact of data-related laws and regulations.
With China becoming more assertive, one might think Taiwan would feel the need to increase productivity and innovation, including by working more closely with U.S. companies. Apparently not.
ITIF’s Center for Data Innovation has responded to Singapore’s Personal Data Protection Committee’s (PDPC) public consultation on proposed amendments to the Personal Data Protection Act (PDPA) of 2012, which governs how organizations treat personal data in Singapore.
Korea, Mexico, and Taiwan represent vital trade partners for the United States, not only as destinations for U.S. exports, but more importantly as key partners whose firms supply critical intermediate goods on which the health of America’s advanced-technology industries depend.
Property taxes are very data intensive, requiring extensive records and analysis to accurately assess property values and levy taxes accordingly. This makes property taxes particularly difficult to apply in developing countries, especially because property taxes tend to be implemented by local governments.
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.
In an important development for India’s digital economy, the Delhi High Court issued a decision on April 10 that provides a new policy tool for right holders to better protect the intellectual property that is tied up in their copyrighted music, movies, and other digital content.
The foundation of the global digital economy is showing cracks. Countries that support an open, rules-based global trading system need to agree on a common framework.
Robots are key tools for boosting productivity and living standards, and companies around the world are putting them to use. But while Korea is the world’s largest adopter, with 710 robots per 10,000 workers, the United States sits at seventh, with 200 robots. Why does the United States lag behind?
In a filing with India’s Department for Promotion of Industry and Internal Trade, ITIF argued that a misguided focus on the control and location of data will reduce its potential social and economic utility.
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.
In 1983, the Japanese government began a series of robot technology R&D projects, which partnered with Japanese firms. New analysis of 25 years of these projects, from 1993 to 2008, found that not only did these projects create valuable results, they also caused participating firms to be more efficient in their future research.