fact of the week logo image

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.

Many countries use domestic content requirements for vehicles, provide preferential treatment to domestic firms and use other means to help domestic companies. Such practices demonstrate what ITIF calls "green mercantilism." Whatever perceived benefit of these policies in the short term, they distort competition, create disincentives for innovative companies and slow the adoption of new...

From 2000 to 2011, China increased its global solar PV export market share from 2 percent to 54 percent. This remarkable export growth, in addition to significant deployment subsidies in the United...

China awarded 300,000 bachelor's degrees in the natural sciences and 700,000 in engineering-together representing 43% of its 2.3 million total in 2008. China's engineering degrees were about 10 times the U.S. number and represented a much higher share of all bachelor's degrees (30%) than in the United States (5%). The gap in education in STEM fields from U.S. to China is only growing...

States should provide electronic ballot delivery to all voters. Electronic ballot delivery allows voters to use a computer to download, complete and print their absentee ballots. This eliminates the costs of mailing out ballots to voters and allows individuals with disabilities to use the assistive technology on their computers to complete the ballot. Voters do not send completed ballots over...

The life sciences industry is one of America's strongest performers in terms of creating high-wage jobs. Life sciences-industry jobs pay an average wage of $84,992, which is almost double the average U.S. wage. In part because of these high wages, 1.2 million jobs in the life sciences industry support an additional 5.8 million jobs indirectly. Employment in the life sciences grew 5.7 percent...

Though life science is widely assumed to be a strong sector for the U.S., if current budget cuts continue, emerging nations such as China will overtake the U.S as the world's leader in this area. Policymakers must realize the importance of boosting public investments in life sciences for U.S. prosperity and international competitiveness and the tremendous societal value of advances in this...

We're at seven billion people and counting and we all need to eat. Fortunately, innovation in life sciences is helping meet this challenge. In recent decades, researchers discovered and illuminated the numerous mechanisms by which DNA is recombined in nature and learned how to use those techniques in the laboratory. As a consequence, crops improved through biotech have been grown by now on...

Japan has learned from its economic mistakes in the past and has adopted some long-overdue reforms, some of which have begun to pay off. Of course, Japan, like the U.S., continues to face formidable obstacles in sustaining domestic economic growth and global competitiveness. Japan recently reduced its top corporate tax rate to be competitive with other OECD nations. The top U.S. rate,...

In fiscal year (FY) 2010, the Ex-Im Bank provided $24.5 billion worth of export credit financing which supported $34.4 billion worth of U.S. exports. Through that financing in FY 2010, the Ex-Im Bank supported 227,000 jobs at 3,300 U.S. companies, helping those companies export to 175 countries around the world. In fact, 7,400 U.S. jobs are created by every $1 billion worth of exports...