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.

Engineering 2.0: Rekindling American Ingenuity

September 11, 2013
Engineering is the “sine qua non” of technological innovation. Unfortunately, the U.S. is falling behind in the race for global innovation advantage in part because we are unable to efficiently translate research into competitively produced products.
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ITIF Debate: Is Technology Responsible for American Job Loss?

September 10, 2013

Since the Great Recession, a long list of books, studies, and news articles have attempted to assign the blame for America’s sustained high levels of unemployment to technology. These academics and journalists argue that factory automation, robots and faster and smarter computers are letting organizations replace workers at an unprecedented pace, leading to joblessness. Read more »

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Robots Are Not The Problem

Technology does not Eliminate Jobs, it Creates Them

September 9, 2013
| Blogs & Op-eds

Virtually all the scholarly economic research on the question of jobs and productivity finds that higher productivity does not lead to fewer jobs. Higher productivity makes products or services cheaper and consumers then are able to use those savings to buy other goods and services, helping create jobs. In many cases the cause of stagnant growth is too little, not too much, technology and automation, which makes industries less competitive in global markets, leading to job loss, less spending and investment, and a vicious cycle of stagnation.

Could a Fed Under Larry Summers Worsen America’s Investment Drought?

September 9, 2013
| Blogs & Op-eds

The question of who will replace outgoing Federal Reserve Chairman Ben Bernanke is important, not simply because the Fed plays a central role in monetary policy and banking system oversight, but because of policymakers’ reliance on the chair as a sage voice on broader economic policy.

The Robots are Not Taking Our Jobs

ITIF Challenges the Boston Consulting Group to a Wager on the Number of American Manufacturing Jobs Added by 2020

Scientific Researchers at Asian Universities Attracting More Industry Funding than American Counterparts

August 21, 2013
| Blogs & Op-eds

A report released last week by Times Higher Education, the World Academic Summit Innovation Index, finds that university scientific researchers from many Asian nations—including Korea, Singapore, Taiwan, and China—are attracting substantially more industry funding per researcher than their American counterparts. What makes this all the more striking is that American researchers tend to cost more than their Korean counterparts, and yet the latter still receive more funding.

Competitiveness, Innovation and Productivity: Clearing Up The Confusion

August 19, 2013
| Reports

To listen to many economists, pundits and policymakers discuss the economics of growth it would be easy to be confused by the commonly used terms: competitiveness, innovation and productivity. These terms are often used almost interchangeably and with little precise meaning. To remedy the situation, this policy memo defines these terms and explains how each is important in driving economic prosperity.

Congress should reorganize the U.S. Postal Service to open up all but “last mile” mail delivery to private competition and drastically reduce the size of the agency to meet the realities of the digital age.

Congress should reorganize the U.S. Postal Service to open up all but “last mile” mail delivery to private competition and drastically reduce the size of the agency to meet the realities of the digital age.
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