The Enterprise Automation Imperative—Why Modern Societies Will Need All the Productivity They Can Get

Contrary to common belief, enterprise automation is not a cause for alarm, but instead a societal imperative. Modern nations will need all the productivity they can get to address today’s ever-more-resource-constrained challenges.

Supporting Financial Innovation Through Flexible Regulation

Policymakers should encourage financial innovation by using regulatory processes and approaches that promote flexible oversight, including stakeholder engagement, coordination, experimentation, alternative supervision, and regtech.

A Policymaker’s Guide to the “Techlash”—What It Is and Why It’s a Threat to Growth and Progress

Growing animus toward “Big Tech” companies and generalized opposition to technological innovation engenders support for policies that are expressly designed to inhibit it. That is deeply problematic for future progress, prosperity, and competitiveness.

U.S. Funding for University Research Continues to Slide

The United States continues to fall further behind world leaders in funding for university research. To reverse course, it should increase support by $45 billion per year and provide stronger incentives for businesses to increase their investments.

Robotics and the Future of Production and Work

The use of robotics will increase productivity and has the potential to bring more manufacturing production work back to developed countries. As productivity increases, labor is likely to receive a significant share of the benefits.

The Case for a U.S. Digital Single Market and Why Federal Preemption Is Key

A national framework for digital economy rules would ensure the same protections for all U.S. residents, minimize transaction costs for businesses, enable opportunities to innovate, and increase efficiency in the policymaking process.

Omission Innovation 2.0: Diagnosing the Global Clean Energy Innovation System

Despite concern over climate change, global carbon emissions continue to rise. Clean energy innovation is needed to reverse the trend. It is time for Mission Innovation member nations to make good on their commitment to double clean energy RD&D.

The Promise of Data-Driven Drug Development

Policymakers should recognize that the potential of data-driven drug development is crucial to the well-being of Americans as well as U.S. competitiveness, and develop policies to accelerate this transformation.

Why Federal R&D Policy  Needs to Prioritize Productivity to Drive Growth and Reduce the Debt-to-GDP Ratio

The federal government should significantly increase spending on research and development that specifically targets technologies likely to boost productivity in order to spur growth and reduce the budget deficit.

The Link Between Drug Prices and Research on the Next Generation of Cures

Academic studies consistently show that a reduction in current drug revenues leads to a fall in future research and the number of new drug discoveries.

A Policymaker’s Guide to Broadband Competition

Policymakers should enable entry into the broadband market, but avoid undermining the dynamism of the sector by actively promoting additional competitors.

The Global Energy Innovation Index: National Contributions to the Global Clean Energy Innovation System

Since 2015, 24 nations and the EU have joined “Mission Innovation,” pledging to double public investments in energy RD&D and collaborate on key innovation challenges. This report seeks to provide accountability for these commitments and lay the foundation for more ambitious measures.

Who Is Winning the AI Race: China, the EU or the United States?

The United States leads the race for global advantage in artificial intelligence, at least for the time being, with China coming in second and the EU lagging behind. But China is poised to challenge U.S. dominance in coming years as it undertakes bold AI initiatives.

China’s Biopharmaceutical Strategy: Challenge or Complement to U.S. Industry Competitiveness?

China is challenging the United States for market share and jobs in one of the highest value-added, most innovation-intensive industries—and the risks extend not just to the U.S. economy, but to global biopharma innovation.

The Costs of an Unnecessarily Stringent Federal Data Privacy Law

Federal legislation mirroring key provisions of privacy laws in Europe or California could cost the U.S. economy about $122 billion per year.

The Manufacturing Evolution: How AI Will Transform Manufacturing and the Workforce of the Future

A report by ITIF for the MAPI Foundation, a research subsidiary of the Manufacturers Alliance for Productivity and Innovation (MAPI).

National Innovation Policies: What Countries Do Best and How They Can Improve

A survey of allied think tanks summarizes what 23 nations and the EU are doing best when it comes to innovation policy, and where there are the greatest opportunities to improve. In many cases, the successes can serve as model policies for other countries to adopt.

What the Evidence Shows About the Impact of the GDPR After One Year

One year later, there is mounting evidence that the law has not produced its intended outcomes; moreover, the unintended consequences are severe and widespread.

Digital Services Taxes: A Bad Idea Whose Time Should Never Come

Arguments used to justify digital services taxes on large Internet companies are flawed. The United States should counter these proposals and work to restore international consensus around tax treatment for multinational companies.

The EU Needs to Reform the GDPR To Remain Competitive in the Algorithmic Economy

Europe’s success in the global algorithmic economy requires a regulatory environment that is fit for AI but does not reduce consumer protections.

Innovate4Health Latin America: How Innovators Are Solving Global Health Challenges

Seven case studies showcase how IP rights are enabling innovators in Latin America to help solve some of the greatest global health challenges.

Is China Catching Up to the United States in Innovation?

If China were only a copier, then the competitive threat to advanced economies would be limited. But there is no reason to believe China won’t follow the path of “Asian tigers” that rapidly evolved from copiers to innovators, which poses a serious threat.

The Case Against Taxing Robots

Given that the economy has been in an unprecedented productivity growth slump—and the baby boom retirement wave is rising—taxing automation equipment ranks as a singularly bad policy idea.

Big Is Beautiful: Debunking the Myth of Small Business

This provocative new book now available from The MIT Press shows small businesses are not the drivers of our prosperity. Big firms are better for job creation, productivity, innovation, and most other economic benefits. Governments should stop tipping the scales toward small and adopt “size neutral” policies that encourage companies of all sizes to grow.

The Bayh-Dole Act’s Vital Importance to the U.S. Life-Sciences Innovation System

Misusing the “march-in right” provision of the Bayh-Dole Act could negatively impact U.S. life-sciences innovation and result in fewer new drugs.

Tech Policy To-Do List

With nearly three dozen new additions, the updated “Tech Policy To-Do List” now provides a menu of more than 150 actionable ideas for Congress and the administration to foster innovation, growth, and progress.

The Task Ahead of Us: Transforming the Global Economy With Connectivity, Automation, and Intelligence

The next wave of digital innovation is coming. Countries can welcome it, prepare for it, and ride it to new heights of innovation and prosperity, or they can ignore the changing tide and miss the wave.

ITIF Technology Explainer Series Icons

5G, AI, IoT, and more: In a reader-friendly series of two-pagers, ITIF provides overviews of important technologies that are likely to have a profound impact on the global economy and modern society.