Pro-growth climate advocates need to create an expanded, cohesive, and higher priority clean energy innovation strategy to counter the “climate nuclear option” and provide the most viable policy alternative to achieve the decarbonization necessary to address climate change.
Blogs & Op-eds
New York should ensure “BitLicenses” are a Step Forward for Innovation
New York State has proposed regulating virtual currency businesses. While ITIF believes the State of New York is likely the wrong entity to address these important policy issues, we have offered some recommendations for the BitLicensing framework. This blog accompanies our recommendations.
GMOs, Neonicotinoids, and Aldo Leopold’s Land Ethic: The Fish & Wildlife Service Brings a “Whole Foods” Approach to Wildlife While Shooting Itself in Our Foot
The U.S. Fish & Wildlife Service quietly announced last summer they would ban the use of the most modern, safest, and most productive new pesticides and improved seeds in national wildlife refuges. This forces them to rely on agricultural techniques with more negative environmental impacts and undermines their conservation mission. Why did they do this? They bought into special interest propaganda and failed to test their prejudices against data and experience. The wildlife they sacrifice on the alter of political correctness will not thank them.
Immigrant STEM Workers Increase Everyone’s Wages
A new paper examines the impact of H1-B-sponsored STEM workers on local economies, finding that they raise wages all around while having no effect on employment. Overall, foreign-born workers have contributed significantly to productivity increases in the United States, and it is important that our immigration policy reflect these economic realities and not fall for simplistic ideas about how immigrants affect the economy.
Trade Policy Manichaeism – Why the Trade Debate is Stuck and How to Move it Forward
Both sides of the trade debate are headed toward dead ends. It's time to acknowledge some fundamental truths about trade and globalization if we want to truly address the challenges we face.
Healthcare Insurance Regs Must Keep Up With Tech Advances
As adoption of wearables increases and health insurers rely more heavily on biometric data, consumers and industry alike will benefit from better healthcare outcomes and lower costs. However, antiquated rules need to be reformed if we hope to receive the full benefits of health data.
The Creative Cost of Piracy
Condoning piracy has a steep price. Countries that score higher on intellectual property (IP) protection also score higher on creative outputs relative to the size of their economy. Over a sample of 136 countries there is a strong positive correlation of 0.72 between the strength of IP protections and score on creative outputs. Robust IP protections advance the invention, entrepreneurship, and creative spirit needed to create real growth.
U.S. is Blowing Opportunity Sky High
The U.S. commercial drone industry could create 100,000 jobs and generate $82 billion in revenue in the next 10 years, but only if domestic rules are finalized. The time to act is now. To keep these investments, jobs, and innovations in the United States, the FAA should both permit more companies to test their drone services and allow them to test private technologies on private land where safety concerns are minimal.
Leveraging ICTs to Bolster European Productivity and Economic Growth
While most economists and pundits focus on Europe’s lag in ICT-producing industries, the greater concern is how much the Continent trails the United States in ICT usage and adoption. This is because, at the economy level, more than 80 percent of the benefits of technology come from its consumption, while just 20 percent come from its production. In fact, a major reason why European productivity levels trail those of the United States is that European enterprises, governments, and other organizations trail their American counterparts in ICT investment, usage, and adoption.