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While the U.S. has been running a trade deficit in manufacturing for more than three decades, it grew considerably worse after 2000. In the 2000s, the United States accumulated an astounding aggregate negative $5.5 trillion trade balance in goods and services with the rest of the world. In no year in that decade did the United States have a negative global trade balance of better than negative...

The news this past week that more than a dozen retailers have announced plans to create a mobile-payments system called Merchant Customer Exchange (MCX) highlights the growing interest in near-field communications (NFC)-based mobile payment solutions in the United States, a field in which the United States has trailed several Asian countries. As ITIF has noted, it remains important for...

As we look to the future we can expect more IT job growth. The U.S. economy is growing ever more dependent on IT for innovation, productivity growth, and quality of life improvements. While business investment in all forms of capital increased by only 13 percent between 2001 and 2011, investment in IT capital increased by 66 percent, over five times faster. And, in contrast to Nick Carr's...

The U.S. government funds millions of dollars of research in privacy technology each year through various agencies, including at the National Science Foundation, the Department of Defense, and the Department of State. However, agencies do little to coordinate their funding efforts or develop a common vision for privacy R&D. In addition, comprehensive data on the amount and focus of privacy...

While the United States continues to lead in patents, other nations have encroached on the U.S. lead. In 2009, 51 percent of patents issued in the United States were awarded to non-U.S. companies. Only four of the top ten companies receiving U.S. patents in 2009 were based in the United States. In fact, nearly 60 percent of the patents filed with the U.S. Patent and Trademark Office (PTO) in...

India leads the world in R&D tax generosity for both small- and medium-sized enterprises (SMEs) and large firms by allowing a 200 percent super deduction for in-house R&D expenditures, a super deduction of 125 percent to 200 percent for payments made to contractors carrying out R&D in India, and a 100 percent deduction for R&D expenses that do not otherwise qualify for the...

Government policy should "nudge digital" to promote more-efficient choices, such as by making electronic statements the default option. The Social Security Administration recently adopted this policy when it eliminated the annual mailing of Social Security statements to all workers over the age of 25. The Social Security Administration Commissioner Michael Astrue estimated that by eliminating...

ITIF was not surprised by the Department of Labor's most recent unimpressive data on manufacturing job gains. American manufacturing declined sharply over a decade and, as ITIF showed back in March, total private capital stock grew 13 times more than manufacturing capital stock (22 percent vs. 1.8 percent) in the 2000s. Compare this to growth in the funds and trusts industry (e.g., the mutual...

Adaptive signal control technologies are signals that can be automated to adjust signal timings in real time, allowing for faster responses to traffic conditions caused by special events or traffic incidents. GAO found that despite benefits of adaptive signals, only 3 percent of traffic signals in the country's largest metropolitan areas are controlled by adaptive signal control. According to...

The findings in the new BSA study echo ITIF's support of the growth of the cloud. The expansion of cloud computing will have a positive effect on overall jobs here and abroad. We should embrace this important technological innovation.