Productivity increases are important for economic growth, but they are also feared because people assume they lead to unemployment. A comprehensive new paper examines the impact of innovation in lower-income countries, finding that in many cases innovation can be beneficial for employment, although it varies significantly depending on a range of different factors.
The Need for an AGOA Renewal
AGOA is the cornerstone of U.S. trade and investment with Africa; over its 14 year history, the program has contributed to a doubling of U.S. trade with Africa. Before it's obvious renewal in the next year, taking a look at the criteria for benefits is important in the development of the U.S. trade relationship with sub-Saharan Africa.
Restoring the Indian Economic Miracle
Writing in the Georgetown Journal of International Affairs, Stephen Ezell argues that if new Indian Prime Minister Narendra Modi is to revitalize India's economy, he needs to adopt a new economic growth strategy consisting of four key elements: embracing across-the-board productivity growth, improving India’s environment for doing business, investing in infrastructure, and seeking to attract—rather than compel—foreign direct investment.
Salsa Dancing into the Digital Economy
Colombia’s national soccer team famously taught the world how to properly celebrate a World Cup goal; now the nation is poised to teach the world a thing or two about innovation. By increasing connectivity across the country and making technologies both more accessible and cheaper, Colombia has positioned itself to be a innovation machine.
How Data and Analytics Can Help the Developing World
Projects spanning big and small data, from complex approaches for modeling disease diffusion to simple analyses enabled by newly open government data, are now being utilized by international organizations such as the United Nations and numerous countries to improve the lives of citizens in the developing world. These activities can enhance quality of life while also advancing public health, public safety, government services, and agricultural development.
It’s Not Too Late for India’s New Beginning
New Indian Prime Minister Narendra Modi and his BJP party won election in part on campaign pledges to improve the environment for doing business in India, in part by improving India's intellectual property environment. Yet foreign developers of innovative life sciences products continue to face challenges securing intellectual property rights in India, including with regard to compulsory licenses, patent denials, and patent revocations. Meanwhile, India has fallen to 134th in the World Bank's Doing Business Index and to 76th (from 62nd in 2011) in INSEAD's Global Innovation Index. This is a reflection of Indian policies in recent years that have focused more on advantaging domestic producers at the expense of foreign competitors as opposed to boosting the innovation capacity of India’s own entrepreneurs, businesses, and industries. While it's still early in Modi's tenure, and there are some positive signs of prog ress, if India is to become a robust 21st-century economy it must renounce the tried-and-failed innovation mercantilist policies of the past and instead embrace core tenets of free and competitive markets, open and non-discriminatory trade, protections for innovators' intellectual property, and openness to flows of goods, technology, capital, and people.