Blogs & Op-eds

The Myth of 'Crony Capitalism'

September 17, 2014
| Blogs & Op-eds

Psychologists have identified a disorder they term dichotomous thinking (DT) where " .... someone is only able to see the extremes of a situation, and is unable to see the 'gray areas' or complexities of the situation." It's easy to think that many in Washington have chronic DT syndrome. Case in point is the talk decrying anything government does to help business as "crony capitalism."

U.S. House of Representatives Passes RAMI Legislation

September 16, 2014
| Blogs & Op-eds

ITIF commends the U.S. House of Representatives for passing the Revitalizing American Manufacturing Innovation Act of 2013 and calls upon the U.S. Senate to follow suit in quick order.

Want a World-class Workforce? Invest in Education

September 15, 2014
| Blogs & Op-eds

Unsurprisingly, there is a positive correlation of 0.46 between educational spending and workforce educated levels among states. Education spending is highest in Northeastern states, led by New York ($19,552), where schools spent over three times as much per student as in Utah ($6,206). The results show that a focus on promoting positive educational outcomes helps produce a workforce capable of meeting the challenges presented by a global economy. 

Government Data: the Driver of Innovation

September 15, 2014
| Blogs & Op-eds

There are countless examples of government data driving economic activity in the United States. Companies like Zillow, an online real estate database, use government data to provide real estate advice to its customers, while companies like IBM depend on the consistency, accuracy, and reliability of government data as inputs into their predictive analytics systems deployed 

New Government Report Confirms Benefits of Digital Trade

September 12, 2014
| Blogs & Op-eds

A new report by the U.S. International Trade Commission details the benefits of digital trade for the U.S. economy, finding that e-commerce grew US GDP by 4-5%. However, a number of policies still remain, particularly abroad, that block the full potential of digital trade.

Will The Next Silicon Valley Be Located in the United States?

September 12, 2014
| Blogs & Op-eds

As the world's largest R&D cluster, Silicon Valley brings untold economic benefits to the United States. The valley is also a prime example of how R&D in specific industries tends to stay tightly concentrated in a single region. Public support for R&D can help improve the odds that the next Silicon Valley is located in the United States. 

Reshoring Optimism, But Not Much Else

September 11, 2014
| Blogs & Op-eds

While many news sources have reported that manufacturing jobs are returning to the United States, manufacturing employment and firm number data show that reshoring is a myth. To attract jobs back, the United States will need to concentrate on boosting R&D, improviWhile many news sources have reported that manufacturing jobs are returning to the United States, manufacturing employment and firm number data show that reshoring is a myth. To attract jobs back, the United States will need to concentrate on boosting R&D, improving productivity, and implementing corporate tax reforms. 

California Ranks High in Innovative Ideas

September 9, 2014
| Blogs & Op-eds

An epicenter of the burst of the dot-com and the housing bubbles, California’s economy had a rough time during the 2000s. The state lost 40 percent of its manufacturing jobs, saw unemployment spike and faced severe budget challenges. However, indicators are finally pointing in the right direction. Unemployment is under 8 percent, the state has posted three straight years of manufacturing job gains, and California saw 3.5 percent GDP growth in 2012. The renewed strength of California’s entrepreneurial economy was recently highlighted in the 2014 State New Economy Index (SNEI).

The Roots of Right-Wing Anti-corporate Populism

September 8, 2014
| Blogs & Op-eds

There is a rising tide of right wing, anti-corporate populism – with designs on preventing all government support for business – that could greatly hinder American economic policy and hamper future U.S. competitiveness.

Cross-Border Digital Searches: An Innovation-Friendly Approach

September 5, 2014
| Blogs & Op-eds

As people and companies store more data in the cloud, new questions are arising about how law enforcement agencies gain access to that data and the impact those methods could have on the competitiveness of the US technology industry. Given the importance of this industry to the US economy, it's imperative that the federal government not only establish an innovation-friendly process for cross-border digital searches, but also work with its trading partners to do the same.

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