Global

Allies and partners like the United States, the EU, the United Kingdom, and Canada should avoid destabilizing trade frictions that threaten to derail much-needed climate progress and instead work toward a collaborative climate innovation club.

If the United States is to effectively advance its interests, which now hinge on spurring faster and deeper digital innovation and transformation, then U.S. policymakers need to recognize how the geopolitical economy has fractured in the digital age and embrace a new framework better suited to the times: national developmentalism.

Countries that value a rules-based global digital economy need to come together to enact new global data-management rules.

ITIF hosted a panel discussion on a new report on global data localization and what policymakers need to develop new rules, norms, frameworks, and agreements to support data flows.

The United States needs to shift from an approach to power trade that is based on advancing U.S. foreign policy interests to an approach that focuses on advancing U.S. competitive advantage against China, especially in critical advanced technology sectors.

Those who really want to solve the problem should abandon ill-advised proposals like patent waivers and focus instead on cooperative solutions to overcoming supply-chain constraints. The sooner that happens, the sooner we can all breathe freely again.

The United States and other developed, democratic societies have a moral obligation to ensure the world’s citizens receive COVID-19 vaccines and therapeutics. But there is absolutely no need to abrogate IP rights to fulfill that objective.

Amidst an unprecedented pace of innovation, some 90 developing nations, led by India and South Africa, have petitioned the WTO’s TRIPS Council calling for a waiver to suspend all IP rights associated with COVID-19 innovations—again asserting the false narrative that IP rights inhibit access to medicines.

ITIF hosted a transatlantic discussion of EV battery policy and how cooperation and competition might best be balanced for this “industry of the future” that’s already here.

There is both excitement and trepidation about the so-called “Fourth Industrial Revolution” and its ability to power growth around the world—and one critical question is how its impacts may differ in developed and developing economies.

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.

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.