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Initial public offerings (IPOs-the first rounds of companies' stock sold when they make their debut in public markets) are an important way by which high growth companies obtain needed capital to enable their next round of growth. Total proceeds from U.S. IPOs were valued at $55 billion in 2013, making it the strongest year for IPOs since the peak...

Christopher Yoo digs into new broadband mapping data, showing that contrary to common reporting, the U.S. comfortably leads Europe in deploying next generation broadband networks. This work extends and confirms many of the early findings in ITIF's ...

For the last two decades, international and national decision makers in high-income countries have pursued a set of policies (e.g., carbon emission targets, carbon pricing, subsides, and regulatory mandates) that have failed to make clean energy technologies cheaper than fossil fuels outside of niche markets. Making clean energy cheaper than fossil fuels should be the paramount goal of climate...

The U.S. remains the engine of the global life sciences economy. The industry's tremendous investment in R&D has been indispensable in the development of scores of breakthrough pharmaceutical drugs and therapies-from personalized gene therapies to synthetic skin to cures for certain types of cancer, which have profoundly improved quality of life for citizens worldwide. But as ITIF writes...

Industry funded R&D reached an all-time high in 2008, hitting $268 billion in total research, before cooling slightly in the wake of the recession. In particular, increases in development are responsible for the rapid growth. More companies are using more resources to design innovative new products to bring to market, which is a boon for the...

The listing of 37 nations in 2014 was a decrease from the 41 nations cited in the 2013 Special 301 Report, however, there were no changes in the ten countries listed on the Priority Watch List (PWL), indicating that the worst offenders are still the worst offenders. In addition, the call for an out-of-cycle review (OCR) for India demonstrates the U.S. government's continued concern...

Federal investment in basic and applied scientific research is a key driver of long-term U.S. economic growth (and a fundamental contributor to the discovery of new technologies and medicines that significantly improve health care and quality of life). In fact, research shows that a 1 percent increase in R&D capital stock increases GDP by .13 percent. Other countries get this, which is why...

Productivity is a central measure of the innovation and technical capacity of a nation and has a direct impact on the ability to compete in the increasingly high tech, global marketplace. India should abandon its current focus on innovation mercantilist policies and adopt a pro-growth strategy that can raise across the board productivity and enhance innovation-based competitiveness. This is...

The United States' last trade surplus was in 1975, when Gerald Ford was President, "One Flew Over the Cuckoo's Nest" won best picture, and toy rocks were a thing. Since then, the United States has racked up a 9.5 trillion dollar trade imbalance. America's nasty habit of consuming more than it produces will have serious consequences when the debt is called in. The United States needs to make...

If these allocations hold, the United States will spend 46% more on debt service than it invests in R&D in 2015. This highlights the squeezing out of non-discretionary expenditures (i.e., investments in the core building blocks of innovation) by non-discretionary spending (i.e., mandatory expenditures such as for entitlements or debt service). Under the 2015 Budget Request, discretionary...