Offshoring is widely maligned for reducing manufacturing employment in advanced economies. However, by lowering costs and utilizing global value chains, firms that outsource can afford to increase their investments and funding for higher-productivity jobs, making the overall economic implications less clear.
May 28, 2019
Fact of the Week: Danish Firms Increased Domestic Tech Employment by 40 Percent For Every 10 Percent of Production They Outsourced
May 24, 2019
As the energy and technology ministers of many of the world’s largest economies gather May 29 in Vancouver, Canada, for the latest in an ongoin
May 23, 2019
There are good opportunities to improve regulation of data privacy in the United States, but the “Act to Protect the Privacy of Online Customer Information” proposal is not one of them. This legislation fails to balance privacy with other key interests and wouldn’t effectively increase users’ privacy writes Doug Brake.
May 23, 2019
If the administration insists that Chinese enterprises play by WTO rules but they don’t, then it is justified in responding accordingly. But that response must be measured and proportionate. If not adequately balanced, limiting U.S. technology exports to Chinese firms is just cutting off our nose to spit our face.
May 20, 2019
Fact of the Week: Chinese Patents Received 90 Percent as Many Citations as Other Countries From 2001 to 2009, but only 32 Percent as Many Foreign Citations
China’s patent output has grown dramatically in recent years, both in terms of the volume of patents submitted for international protection under the Patent Cooperation Treaty (PCT) and in terms of the number of citations those patents receive, a standard measure of a patent’s importance. New research breaking down the sources of those citations raises significant doubts about whether the growth in Chinese patent citations is as meaningful as it appears.
May 13, 2019
Fact of the Week: Young U.K. Firms That Adopt Cloud Computing Services Experience 13 Percent Higher Job Growth Than Comparable Firms Without Access to Cloud Services
By providing remote access to data storage, processing, and software, cloud computing lets firms easily scale their computing needs and avoid the large fixed costs of IT infrastructure, which allows small firms to operate and expand more efficiently. New research into cloud adoption by firms in the United Kingdom supports this reasoning.
May 6, 2019
Fact of the Week: Ethiopian Youth Given $300 Start-up Grants at Random had 36 Percent Higher Wages After one Year, but no Effect After Five Years
When attempting to evaluate the effect that a policy intervention can have on development or innovation, researchers and policymakers routinely look to short-term impacts, both out of urgency and because of the difficulty in maintaining contact with participants over several years.
May 2, 2019
A recent literature review by a noted innovation economist summarizes some of the available evidence and finds that tax credits produce more private R&D along with strong social benefits, and patent boxes can help countries retain the intellectual property they produce.
April 29, 2019
Fact of the Week: Spanish Manufacturing Firms Increased Their Overall Employment by 10 Percent After Adopting Robots
While it may be tempting to focus on the direct job losses caused by robot adoption, it is wrong to conclude that automation constitutes a generalized threat to workers, either in manufacturing or in the broader economy. By choosing to automate, firms can increase their productivity, which allows them to expand and increase their employment.
April 29, 2019
It is surely in the interest of the United States to have a robust deployment of 5G sooner rather than later. But it is important we not overreact to the race with China or lose sight of America’s strengths.