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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...

To compete in the New Economy, states need a supply of talented labor with the right skills and education to meet the demands of globally competitive businesses. In many cases, these workers do more than merely fill occupational gaps; by bringing new ideas and perspectives from other countries and cultures, they can enhance states' levels of innovation. For example, foreign-born and foreign-...

If there's one thing Information Technology employees love, it's their jobs: Seventy-two percent of workers currently in IT report being satisfied with their job, higher than any other industry, and only 15 percent said they plan on switching jobs in the coming year, according to a recent article on CareerBuilder. It's important that we continue to support smart STEM policies in the U.S. to...

The amount of data in our world will continue to grow in the upcoming decades. According to research by MGI and McKinsey's Business Technology Office, analyzing large data sets will become a key basis of competition, underpinning new waves of productivity growth, innovation, and consumer surplus. As shown in Data Innovation Day last week, there is an increasing awareness about the benefits and...

By 2008, funding of U.S. university research by business was just 0.02 percent of GDP, less than two-thirds of the average of 0.032 percent of GDP for 30 nations assessed in ITIF's report University Research Funding: The United States is Behind and Falling. In fact, the United States ranks just 21 out of 30 nations in business-funded university research. In countries like Canada, China,...

ICTs are so powerful precisely because they enhance the productivity and innovative capacity of every individual, firm, and industry they touch throughout economies-and this holds true for developed and developing countries alike. In fact, ICT workers contribute three to five times more productivity than non-ICT workers. In Chile, firms with greater ICT use achieved total factor productivity (...

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...