Rising interest rates in the United States have an obvious effect on the world's biggest economy -- but less obvious is the impact those rates could have on the second biggest. Higher interest rates in the United States could make it harder for China to manage its exploding debt, as the Asian giant increasingly depends on borrowing in order to keep growing...
It's becoming harder to get started on the American Dream of homeownership. Some eight years after its worst collapse since the Great Depression, the housing market has recovered in much of the country, with prices approaching peak levels set a decade ago. But the supply of affordable houses available for first-time buyers remains tight, leaving many on the sidelines.
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.
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 United States, Singapore, Finland, the Netherlands, Sweden, Switzerland and Israel were among the top countries when it comes to adopting and adapting to new technologies, according to the Global Information Technology Report 2016 from the World Economic Forum. The Global Information Technology Report measures countries' success in “creating the conditions necessary for a transition to a digitalized economy and society,” according to WEF.
So why have we not seen the strong productivity growth we need? As explained in the recent ITIF e-book Think Like an Enterprise: Why Nations Need Comprehensive Productivity Strategies, there is solid research suggesting that the slowdown is not a cyclical phenomenon, nor is it because we are measuring output incorrectly.
While there are certainly differences between the heavy equipment and manufacturing industries, there are similarities between the natures of the skills gap affecting their workforces. These connections between the experiences provide a broader context for the challenges facing businesses due to the shortage of technical workers.
The middle class is no longer the majority in America, according to a new Pew Research Center report on incomes and wealth in the U.S. WSJ's Janet Adamy reports on the implications.
WIPO's third World Intellectual Property Report, "Breakthrough Innovation and Economic Growth" explores the role of intellectual property at the nexus of innovation and economic growth, focusing on the impact of breakthrough innovations. Download report here.