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As the Congressional super committee edges up to its deadline for submitting a proposal to reduce the nation's long-term debt, what is being ignored is the fact that we have three interrelated deficits to overcome: budget, trade and investment. If we cut investments in R&D, education, and innovation in the name of fiscal austerity today, we will impede growth and set the stage for even...

The example cited in the article by Thomas M. Hout and Pankaj Ghemawat illustrates that something close to extortion is a core element of China's economic development strategy. China is employing this same strategy of divide-and-conquer with Boeing and Airbus as those companies compete for China's huge commercial aircraft market. Of course, China is not alone. As ITIF has documented, "...

Germany has adopted an overall innovation stratergy in recent years which explains why Germany has weathered the Great Recession better than the United States. Germany decided to bring government and private companies together to proactively restructure its manufacturing base instead of waiting for market forces to magically arrest the decline. The German companies that are succeeding in the...

As trade deficits have exploded and millions of manufacturing jobs moved overseas and were replaced by often lower-paying service jobs, Americans have taken solace in the idea that we were simply moving up the value chain and making more sophisticated products. Making these products required more advanced skill and these jobs paid well. The deficit in advanced technology products, however,...

Eight countries have adopted patent boxes in recent years. The UK is slated to implement its own patent box next year. Under a patent box, corporate income attributable to patented products gets taxed a lower rate, sometimes a significantly lower rate. This policy goes beyond providing incentives for R&D and encourages commercialization of new products. It is among the tools more and more...

The National Defense Education Act, created in 1958 in direct response to the Soviet Union's launch of Sputnik, established graduate fellowships for students on the doctoral track in the sciences. While the particular program is no longer in effect, it and similar programs are widely credited with putting more talent in the pipeline and augmenting U.S. science policy. Today, we are...

With identity theft costing Americans billions of dollars per year in losses, more should be done to protect identity online. One important step towards this goal is for the United States to establish a national electronic identification (e-ID) system. An e-ID system would allow consumers to replace their current set of usernames and passwords with a more secure credential that provides multi-...

Online advertising is the foundation of the Internet economy, itself a vital component of the global economy. Advertising is responsible for the wealth of free and low-cost content and services available to consumers online including e-mail, news, television, movies, music and games. Policymakers should be cautious of imposing regulations that impact the principal funding mechanism of the...

The Hollings Manufacturing Extension Partnership (MEP) is a public-private partnership that assists small and medium sized U.S. manufacturers by placing innovations developed through research at federal laboratories, educational institutions, and corporations directly in the hands of U.S. manufacturers. Not only does MEP facilitate technology transfer to and uptake by SMEs, it helps SMEs learn...

Entrepreneurship is a vital ingredient in economic dynamism. New firms are often first to adopt new business models and innovations in products and services. This, in turn, creates more jobs and economic growth. The United States has long long been an entrepreneurial leader with a talented work force, a high tolerance for risk, access to capital and a relatively low level of regulation. But...