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Last week, the U.S. International Trade Commission released a report that once again confirmed what most people know - China's mercantilist economic practices continue to inflict significant damage on the U.S. economy. The report quantifies the substantially deleterious effects of Chinese IPR infringement and indigenous innovation policies that largely block U.S. firms from China's enormous...

The controversial idea that the Internet, while important, has not fundamentally altered the global economy or produced very much economic growth has generated a lot of debate this year. The McKinsey Global Institute provides additional evidence to counter this idea. In addition to the GDP and job growth, the report also finds that the Internet is associated with a 10 percent increase in...

Financing is a key element in global trade competition, but global competition in export credit financing has become increasingly formidable with foreign competitors enjoying substantial and aggressive support from their countries' export credit agencies. In 2008, China, India, Brazil, Italy, France, Canada, and Germany all extended greater new medium- and long-term export credit assistance,...

Scientists and researchers have been key drivers of innovation over the last decade. However, many nations have invested more heavily in high-skilled researchers than the United States. Indeed, while there are now 30 percent more researchers globally than in 1999, most of these additional scientists and researchers have not come from the United States. In a study of 44 developing and...

This only continues the disturbing trend of federal under-investment in R&D. From 1987 to 2008, federal R&D investment grew at just 0.3 percent per year in constant dollars, much lower than its average annual growth of 4.9 percent from 1953 to 1987, and ten times lower than the rate of GDP growth over that period. In fact, to restore federal support for research as a share of GDP to...

The Chinese government has made export credit financing a focal point of its nation's export promotion strategy, launching the most aggressive export credit financing campaign in history. From 2006-2010, China issued over $203 billion in new medium- and long-term export credit financing, an amount four times invested by the United States in absolute dollars, and ten times more as a share of...

For the past thirty years, computing has been at the heart of the global innovation revolution, creating entire new industries, transforming existing industries into productive powerhouses, and changing the face of culture across the globe. Computing is driving innovation in existing fields of science and creating entirely new ones. Underlying this revolution is the discipline of computer...

The globalization of patent regimes and the increased complexity of many patentable technologies combined with inadequate institutional resources have resulted in a worldwide backlog of patent applications and substantially longer pendency periods. Backlogs and longer applications increase the uncertainty that the intellectual property within new inventions will be protected and slow the speed...

In 2010, the United States ran a deficit of traded goods and services of almost exactly $500 billion. Of this, net imports of petroleum accounted for $265 billion. The nation currently consumes roughly nineteen million barrels of petroleum products per day, while producing around six million barrels of crude domestically. It's unlikely we'll close this gap even with increased domestic...

As the U.S. International Trade Commission's report, China: Effects of Intellectual Property Infringement and Indigenous Innovation Policies on the U.S. Economy, found, widespread infringement of music, films, entertainment software, books, and other copyrighted materials continues unabated in China, despite repeated government promises that China's government will curtail these practices....