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.

President's Budget Move in Right Direction But More Needed

WASHINGTON - ITIF President Rob Atkinson made the following statement in response to President Obama's proposed fiscal year 2013 budget released today.
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Response to Notice of Proposed Rulemaking: Restrictions on Proprietary Trading and Certain Interests

February 2, 2012
| Testimony and Filings

In response to the Notice of Proposed Rulemaking, Restrictions on Proprietary Trading and Certain Interests in and Relationships with Hedge Funds and Private Equity, ITIF urges the Agencies to carefully consider the ramifications of their actions as they adopt final rules in this proceeding. Specifically, ITIF believes that the Agencies should implement the Volcker Rule so that it affects the two types of funds referred to explicitly by Congress - private equity funds and hedge funds ­and does not sweep in other activities that do not present the type of risk Congress sought to regulate. In particular, ITIF urges the Agencies not to apply the Volcker Rule to venture capital funds and investments.

Debate: Progressive Economics and the Great Recession

February 1, 2012 - 9:30am - 11:00am
Information Technology and Innovation Foundation
1101 K Street NW
Suite 610A
Washington
DC
20005

The Great Recession has given way to a less-than-great recovery and the pressure is on for Washington to respond. ITIF President Rob Atkinson has taken on traditional Keynesians for pushing for additional public pump priming and for what he sees as their focus on distribution of the economic pie rather than the growth of the pie. Read more »

Good Speech, Good Ideas, Yet More Needed…

January 26, 2012
| Blogs & Op-eds

In follow-up analysis of the State of the Union address, ITIF affirmed it praise for the President's focus on competitiveness but makes the case for more robust R&D, tax, trade and energy that should included in the President's upcoming budget proposal.

 

  • It is important to maintain funding for applied R&D in addition to basic R&D to better ensure commercialization of good ideas. The revitalization of manufacturing requires serious investment in a manufacturing technology initiative.
  • Better trade enforcement must be matched with identifying China as a currency manipulator and setting higher standards in new free trade agreements.
  • Corporate tax reform must expand and retain tax incentives to bolster the competitiveness of traded sectors and not be tethered to revenue neutrality. Lower effective corporate taxes should be the goal.
  • Technology's role in enhancing productivity and long-term growth is critical. Support for clean energy must include robust investment in the innovation that will lead to the breakthroughs we need.

Restoring the Innovation Edge

January 24, 2012 - 9:00am - 10:30am
Information Technology and Innovation Foundation
1101 K Street NW
Suite 610A
Washington
DC
20005

Only those in deep denial believe the United States remains the unchallenged leader when it comes to innovation-based competitiveness. As other nations adopt public-private innovation strategies, the U.S. is going in the opposite direction, failing to adapt to the competitive environment generated by the evolution of science and technology. Read more »

Restoring the Innovation Edge

January 24, 2012
In his new book, Restoring the Innovation Edge (Stanford Business Books), Jerald Hage, Director of the Center for Innovation at the University of Maryland, explores remedies to this growing problem, looking at eight key obstacles that the U.S. faces in restoring its innovative edge.

Only those in deep denial believe the United States remains the unchallenged leader when it comes to innovation-based competitiveness. As other nations adopt public-private innovation strategies, the U.S. is going in the opposite direction, failing to adapt to the competitive environment generated by the evolution of science and technology. Read more »

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ITIF Comments on State of the Union

WASHINGTON - In response to President Obama's State of the Union Address, ITIF made the following statement:

"The President's affirmation of the importance of manufacturing is a welcome message. However, we cannot rebuild our economy or restore the hopes of workers without a bold, comprehensive and coherent strategy to revitalize manufacturing that includes state-of-the-art technology, well-trained workers, pro-innovation tax policies and rules-based trade. Read more »

Let the Ex-Im Bank Do its Job Supporting U.S. Exporters

January 20, 2012
| Blogs & Op-eds

Congress should expeditiously reauthorize the Export-Import Bank and increase its funding authority to at least $160 billion annually over the next reauthorization period. When the Bank’s previous authorization expired at the end of the last fiscal year on September 30, 2011, Congress temporarily extended the Banks’ authorization while capping its lending authority at $100 billion, an amount barely in excess of the $80 billion in credits the Bank had outstanding at the time. As a consequence, at current rates, the Bank is likely to reach its authorization cap by the end of the first quarter of 2012 and so would be unable to issue new financing assistance. This would be a disastrous outcome for not just U.S. exporters, but also for U.S. employment, and the health of the overall U.S. economy. However, even at this moment, foreign competitors are using the mere possibility that Ex-Im Bank financing may be difficult to secure in future months (not to mention lawsuits like ATA’s again the Ex-Im Bank) as a cudgel to strike fear into customers of U.S. exporters in an effort to turn their business to foreign suppliers.

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