Despite pleas from unions, our elected leaders happily agreed. Both Republicans and Democrats signed up for NAFTA and, later, China’s entry into the World Trade Organization. But all did not go well. From steel plants in Ohio to furniture factories in North Carolina, American companies suddenly found themselves competing against Chinese labor that paid a few pennies to each of Joe Six Pack’s dollars.
Most inventors come up with their inventions as a means to solving a problem they face or affected by in their every day lives. Given that majority of inventors are men, they design their inventions with men in mind, ensuring that many women’s issues are not being accurately represented.
Contrary to perceptions, America’s innovation-driven, high-tech economy is not concentrated around hubs like Silicon Valley; it is widely diffused—and every state and congressional district has a stake in its success.
The purpose of this report is to shed light on just how widely diffused the country’s innovation-driven, high-tech economy really is, so members of Congress and other policymakers can find common cause in advancing an agenda that builds up the shared foundations of national strength in a globally integrated marketplace.
The Information Technology and Innovation Foundation (ITIF) today released an open memo to President-elect Donald Trump and his transition team outlining actionable proposals that the new administration can accomplish in its first year to bolster America’s innovation economy.
U.S. lawmakers should take action to ban China's state-owned firms from acquiring U.S. companies, a congressional panel charged with monitoring security and trade links between Washington and Beijing said on Wednesday. In its annual report to Congress, the U.S.-China Economic and Security Review Commission said the Chinese Communist Party has used state-backed enterprises as the primary economic tool to advance and achieve its national security objectives.
Next year, Republicans will control the White House and both houses of Congress for the first time since 2006. Lowering tax rates has long been a top priority for the GOP, raising anticipation that legislation could be moving early on in the next Congress. “Taxes will clearly be high on the to-do list,” said Dean Zerbe, national managing director at Alliantgroup and former senior counsel to the Senate Finance Committee.
The U.S. alleges that China is rigging the semiconductor market in its favor by indulging in unfair trade practices. "This unprecedented state-driven interference can distort the market and undermine the innovation ecosystem," Penny Pritzker, U.S. secretary of commerce, said during a Wednesday event organized by the Center for Strategic and International Studies.
We are less competitive than Singapore? How can that be? The reason is that Singapore, like Switzerland, has much better free-market policies. Dan pointed out that if you look at the top-10 nations and the three major measurements, the United States ranks extremely high in “efficiency enhancers” and “innovation and sophistication factors,” both of which have a lot to do with the private sector’s competitiveness.
China has surpassed the US as the leading market for iOS App Store revenue,according to App Annie. The $1.7 billion generated by the country in Q3 2016 also topped the charts for the largest ever quarterly iOS App Store revenue by any country tracked by the firm.