fact of the week logo image

The U.S. share of global passenger vehicle production fell by almost half from 1999 to 2008 (15 percent to 8 percent), as the Chinese share rocketed from less than 2 percent to nearly 13 percent, making China now the world's largest manufacturer of passenger vehicles. The United States' longtime strength in machine tools has evaporated, with U.S. production of machine tools falling to 5...

Initial public offerings (IPOs-the first round of companies' stock sold when they debut in public markets) is an important way in which high growth companies obtain needed capital to enable their next round of growth. States with small- and medium-sized economies can disproportionately boost their economies by attracting a few large deals. Wyoming and Tennessee, ranked first and second this...

Research and development yields product and process innovations, adds to the knowledge base of industry, and is a key driver of economic growth. On average, business performs 74 percent of all U.S. R&D. After steadily rising in the 1980s and falling in the early 1990s, industry R&D as a share of GDP climbed to a peak in 2000 at nearly 2.03 percent of GDP, and then declined through 2004...

Many different platforms provide consumers access to music services, such as terrestrial radio (i.e., traditional AM/FM over-the-air radio), satellite radio, Internet radio, and subscription music services on cable TV. However, the rules used to determine which types of royalties each platform must pay and how much each has to pay vary from service to service. While the existing royalty system...

The continual growth of "Cyber Monday" has caused many to examine what increased use of e-commerce means for American retailers and consumers alike. Public policy should do everything possible to grow the Internet and the digital economy, but the process must be fair. This means that public policy should not be designed to protect or insulate any business or industry from changes in the...

A $15/ton CO2 tax levied economy-wide would raise $90 billion annually, which could fund not only the expanded incentives here (and an expanded R&D credit), but also from statutory rate reduction. ITIF estimates that if the tax revenues were used to pay for expanded corporate tax incentives of the kind described above U.S. manufacturers as a group would actually pay lower taxes.

Since joining the Information Technology Agreement, China, Malaysia, and the Philippines have seen their percent of ICT services exports as a share of the country's total service exports increase by more than 50 percent, while non-ITA-member countries Brazil and Chile saw this figure decline by 150 percent and 177 percent, respectively. Not only has the ITA seeded the development of strong...

According to a new report from McKinsey Global Institute, in the next ten years Indonesia will be a major mobile and digital nation. Today there are 220 million mobile subscriptions in Indonesia. Despite the challenges the economy is facing, it is evident that the Internet and related technologies are becoming a central staple of this emerging economy. It's important the United States...

Leading countries increasingly recognize the importance of coordinated R&D strategies in driving growth and spurring the competitiveness of their enterprises. These countries are also investing heavily in R&D. But while U.S. R&D intensity (R&D as a share of GDP) increased by a paltry 10.4 percent from 1995 to 2008, it increased substantially more in most other nations,...

DOD's support for energy innovation is significant, bested only by DOE, with estimated investments totaling $1.5 billion in FY2012. Investments span technology needs and emphasize development across the innovation lifecycle, supporting the development of energy technologies through basic and applied research, demonstration and prototypes, testing and evaluation, and commercialization through...