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.
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.
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.
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.
Final export control regulations covering a wide range of key photonics areas that were released October 11 for public inspection in the federal register, and will be officially published tomorrow, are an improvement, said leaders of SPIE, the international society for optics and photonics. The rewrite of the Category XII rules is part of the overarching Export Control Reform (ECR) initiative undertaken by the Administration. "These final rules are a positive step forward for the U.S export control system," said SPIE CEO Eugene Arthurs.
As the US presidential candidates lay out competing visions for the country, I have been thinking about a topic they have not yet discussed in detail: what political leadership can do to accelerate innovation. Innovation is the reason our lives have improved over the last century. From electricity and cars to medicine and planes, innovation has made the world better.
A country that raises its corporate tax rate normally would have to worry about its domestic companies moving to foreign lower-tax jurisdictions. Indeed, as the Information Technology and Innovation Foundation has documented, many economic studies have shown a negative relationship between tax rates on the one hand, and productive investment, jobs and innovation on the other.
In today's tech world, Boston is a leading entrepreneurial town. According to a May 2016 report from the U.S. Chamber of Commerce Foundation and the Washington D.C.-based startup incubator 1776, Beantown is the top place to start a company - edging out the hot startup hub of Silicon Valley.
In the fast-changing world of science and technology, if you’re not innovating, you’re falling behind. That’s one of the key findings of The Reuters 100: The World’s Most Innovative Universities. Now in its second year, the list ranks the educational institutions doing the most to advance science, invent new technologies and help drive the global economy.
Productivity growth, the key to rising living standards, has slowed across rich economies for a decade. And the American economy is no exception, with the annual growth rate averaging just 0.7% over the past five years vs. 2.3% in the postwar era. The difference in those rates is the difference in living standards doubling every century rather than every generation or so.