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Productivity is a central measure of the innovation and technical capacity of a nation and has a direct impact on the ability to compete in the increasingly high tech, global marketplace. India should abandon its current focus on innovation mercantilist policies and adopt a pro-growth strategy that can raise across the board productivity and enhance innovation-based competitiveness. This is...

The United States' last trade surplus was in 1975, when Gerald Ford was President, "One Flew Over the Cuckoo's Nest" won best picture, and toy rocks were a thing. Since then, the United States has racked up a 9.5 trillion dollar trade imbalance. America's nasty habit of consuming more than it produces will have serious consequences when the debt is called in. The United States needs to make...

If these allocations hold, the United States will spend 46% more on debt service than it invests in R&D in 2015. This highlights the squeezing out of non-discretionary expenditures (i.e., investments in the core building blocks of innovation) by non-discretionary spending (i.e., mandatory expenditures such as for entitlements or debt service). Under the 2015 Budget Request, discretionary...

The shift from conventional trade barriers to unconventional ones like local content requirements (LCRs) is the most detrimental problem facing global trade today. Historically, LCRs have been associated with government procurement and mandates attached to publicly financed projects. Today, however, they take many forms such as price preferences awarded to domestic firms bidding on government...

Funding for the Department of Energy's breakthrough energy technology program, the Advanced Research Projects Agency-Energy (ARPA-E), has been consistently below recommended levels since the agency's creation. vAppropriations for FY2013 and FY2014 are $265 million and $280 million, respectively, which does not even amount to 30 percent of the $1...

The current energy superstars, shale natural gas and oil, have leveraged master limited partnerships (MLP) totaling $113 billion since 2007 to forgo paying any corporate taxes. Clean technologies aren't eligible for such tax benefits. 

The wind Production Tax Credit (PTC) expired at the end of 2013, instigating the usual responses from...

A study conducted by the Biotechnology Industry Organization (BIO) of non-profit research institutes and universities found that from 1996 to 2010, technology transfer resulted in $836 billion in gross industry output, increased GDP by $388 billion, and added three million jobs. A key component of innovation is the transfer of basic research into...

A determined focus on policies that promote growth is essential to any deficit reduction plan. Similarly, across-the-board spending cuts that hamper growth will ultimately be detrimental to deficit reduction. 

 

The "Internet of Things" refers to the concept that the Internet now serves as a platform for devices to communicate electronically with the world around them, creating an...

With the development of cloud services and mobile computing, digital trade has exploded over the last decade. Unfortunately, efforts by certain nations to promote domestic producers over foreign companies along with fears from PRISM threaten the continued growth of the sector.