economy

November 21, 2016

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.

November 17, 2016

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.

November 11, 2016

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.

November 03, 2016

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.

November 01, 2016

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.

October 26, 2016

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.

October 23, 2016

China has surpassed the United States to become the world's largest iOS app market in the third quarter, according to a report released on Thursday by App Annie, a US-based mobile analytics company. The company said that with 75 per cent of revenue from games, China's iOS revenue exceeded US$1.7 billion (S$2.37 billion) in the latest quarter, leading the US by more than 15 per cent.

October 23, 2016

The consensus was clear: a robust patent system has been the basis for the United States’ past economic growth, and degradation of that system will inevitably hurt the U.S. position in the world economy. Panelists at a Wednesday Capitol Hill briefing sponsored by Eagle Forum each warned of dire implications of continuing changes to U.S. Patent Law.

October 18, 2016

The writing is on the wall: China is the world second largest economy and the growth rate has slowed sharply. The wages are rising, so that the fabled army of Chinese cheap labor is now among the most costly in Asian emerging economies. China, in the last thirty years has brought hundreds of millions of people out of poverty, but this miracle would stall unless China can undertake another transformation of becoming an innovation nation. Historically, leading national economies are almost inevitably the global leaders in technology.

October 13, 2016

Going back to the Founding Fathers and the writing of the U.S. Constitution (with the intellectual property clause), intellectual property (IP) has always featured prominently in the U.S. economy. Yet its importance is too often overlooked and undervalued. The U.S. Department of Commerce’s recent report -- Intellectual Property and the U.S. Economy: 2016 Update -- adds to a growing body of research that helps provide a clearer picture.

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