Asia-Pacific

A strong dollar makes U.S. imports to Korea more expensive and Korean exports to the United States less expensive, which is great for American consumers but bad for American workers, and vice versa for Korea.

Stringent drug price controls have significantly hampered the competitive and innovative capacity of Japan’s biopharmaceutical industry in recent decades, serving as a warning for U.S. policymakers considering introducing Medicare Part D drug price controls in 2022.

ITIF's Daniel Castro is among the featured speakers for a July 12 webinar hosted by CUTS International to discuss gaps, unintended challenges, regulatory uncertainty, and the way forward for India's data-protection regime.

As the U.S. Congress hopefully finalizes a wide-ranging industrial policy legislative package, a number of pundits are pointing to Japan's economic performance as evidence that industrial policy is doomed to failure. But ITIF’s Hamilton Index tells a different story.

The United States can no longer afford to trade U.S. market access for geopolitical alignment, and other nations can no longer afford to stay on the sidelines as the United States does the hard work of limiting China’s economic, technological, and foreign-policy aggression alone.

Including data localization in its National Data Strategy would be a critical misstep that would undermine what Australia is otherwise working to achieve at home and globally in terms of digital policy.

Over the last quarter-century, Korea's advanced-industry performance has been superlative and lags only behind Taiwan.

Responding to a Commerce Department inquiry into the Indo-Pacific Economic Framework (IPEF), ITIF provided recommendations on global data flows, privacy, and governance; innovation and advanced manufacturing; standards-setting for data, cybersecurity, AI, cloud services, and other new and emerging technologies; the potential for an IPEF climate-change agenda; and using IPEF to launch a joint commercial intelligence forum.

There are many ways the United States can rejoin trading partners in shaping digital trade in the Asia-Pacific. But in choosing its path, the administration should not allow misguided opposition deter it from insisting on binding rules for data flows and other key digital economy issues.

Stop listening to the hype, either the techno-utopian hype that says the “AI revolution” will be greater than the First Industrial Revolution or the techno-dystopians who say all is lost. The reality is that AI is just computer code.