Competitiveness

Innovation, including the diffusion of information technology throughout the economy, is key to boosting productivity, which in turn is at the heart of increasing living standards.

For the United States to match China's commitment to its strategic economic industries on a per-GDP basis, it would have to pass an American Recovery and Reinvestment Act every year for the next five years.

For the United States to match China's commitment to its strategic economic industries on a per-GDP basis, it would have to pass an American Recovery and Reinvestment Act ($787 billion) every year for the next five years and dedicate close to 100 percent of the funds to industry. Even if the U.S. could do such an investment, a top-down management of the economy is not the kind of model the United States should emulate. Public investment should supplement private sector efforts not supplant them. Read more »

Source
Enough is Enough: Confronting Chinese Innovation Mercantilism

FRB-Atlanta Meeting on Market Conditions for Small Business Growth
March 5, 2012
| Presentations
Stephen Ezell

On March 5, 2012, Senior Analyst Stephen Ezell will participate in a round table for the Federal Reserve Bank-Atlanta on market conditions for small business growth and access to risk capital.

Congress should authorize and appropriate $5 million to create an Office of Globalization Strategy within USTR.

USTR too often engages in fighting the last wars—the tariff war and the war to sign trade agreements. It’s not set up, either institutionally or philosophically, to fight the current war—the war against rampant innovation mercantilism fueled by a wide array of non-tariff barriers. To help address this, Congress should authorize and appropriate $5 million to create an Office of Globalization Strategy within USTR, run by a Deputy for Globalization Strategy. Similar to the State Department’s Office of Policy Planning, the office would be charged with systems thinking about the design of U.S. trade policy in the context of globalization to ensure renewed U.S. competitiveness.

Critics Say China's ‘Indigenous Innovation' Policies Harm U.S. IP Holders, Violate WTO

Bloomberg BNA
http://www.bna.com/critics-say-chinas-n12884908059/
China has it sights on being the global leader in “every industry,” Atkinson said, “especially [with regards to] advanced technology products and services.”

Obama, Eyeing China, Creates Trade Enforcement Unit

Reuters
http://www.reuters.com/article/2012/02/28/obama-trade-enforcement-idUSL2E8DS6GS20120228
Along with tougher enforcement of trade agreements, the United States needs vigorous government polices to support production of environmentally friendly goods.

Report: Time to Confront China over Tech Thievery

The Fiscal Times
http://www.thefiscaltimes.com/Articles/2012/02/29/Report-Time-to-Confront-China-over-Tech-Thievery.aspx#page1
“The goal of U.S. policy should be to contain and roll back Chinese mercantilism,” said Robert Atkinson, president of the Information Technology and Innovation Foundation.

My New Book Title: “Eh, the Future Will Be Okay”
February 29, 2012
| Blogs & Op-eds
Robert D. Atkinson
READ ONLINE

After an appearance on On Point with Tom Ashbrook, Rob Atkinson presented the real state of the race for global innovation advantage and where the U.S. stands. 

Confronting Chinese Innovation Mercantilism

February 28, 2012 - 9:30am - 11:00am
U.S. Senate
Dirksen Senate Office Building
G11
Washington
DC
20510

America’s trade relationship with China has entered into a perilous stage in the last five years. Read more »

Enough is Enough: Confronting Chinese Innovation Mercantilism

February 28, 2012
It is time for policymakers in the United States and other countries to wake up to the facts on Chinese trade policies and begin responding to today’s reality.

America’s trade relationship with China has entered into a perilous stage in the last five years. With China’s shift to an “indigenous innovation” strategy based on forced IP transfer, standards manipulation, discriminatory regulatory and tax policies, and favoritism towards state owned enterprises, China is unabashedly seeking to favor Chinese-owned firms in order to dominate practically all sectors, especially the higher value-added, innovation-based sectors. Yet, the Washington consensus response can be summed up in one word: patience. Read more »

See video

ITIF Report Declares "Enough is Enough" with China's Innovation Mercantilism

WASHINGTON - The Information Technology and Innovation Foundation today released a major report, "Enough is Enough: Confronting Chinese Innovation Mercantilism," which details China's increasing use of dubious trade practices to acquire global competitive advantage in nearly all industrial sectors. Read more »

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The Information Technology and Innovation Foundation (ITIF) is a Washington, D.C.-based think tank at the cutting edge of designing innovation strategies and technology policies to create economic opportunities and improve quality of life in the United States and around the world. Founded in 2006, ITIF is a 501(c)(3) nonprofit, non-partisan organization that documents the beneficial role technology plays in our lives and provides fact-based analysis and pragmatic ideas for improving technology-driven productivity, boosting competitiveness, and meeting today's global challenges through innovation. For additional information, visit ITIF at www.itif.org or contact Steve Norton at (202) 626-5758 or snorton@itif.org.

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