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When it comes to artificial intelligence, myths are spreading faster than the technology itself is advancing. Left unchecked, these myths could inspire fears that undermine the technology’s progress, which would be to the detriment of economic growth and social progress. The past decade has...
Persistent link: https://www.econbiz.de/10014118488
Intellectual property (IP) systems are designed in large part to provide adequate incentives for creators and inventors to invest in the production of novel ideas and content, while at the same time encouraging beneficial diffusion of knowledge. For example, publishing patent disclosures ensures...
Persistent link: https://www.econbiz.de/10014108513
In recent years, an idea has spread that we are in a fourth industrial revolution, more transformative than any change in human history, that will, among other negative effects, lead to massive job losses and unemployment. However, as Rob Atkinson writes in an essay for the “Work in the...
Persistent link: https://www.econbiz.de/10014110821
For America to remain the global leader in IT, the U.S. government must formulate a grand strategy grounded in a new doctrine of “digital realpolitik.” The first priority should be advancing U.S. interests by spreading the U.S. digital innovation policy system and constraining digital...
Persistent link: https://www.econbiz.de/10013250187
Most competitiveness strategies focus on broad measures such as improving the business environment or supporting better factor inputs for firms. While necessary, these steps do not constitute an effective competitiveness strategy. Policymakers must go much deeper
Persistent link: https://www.econbiz.de/10012909688
Innovation drives America’s economic growth and ultimately determines its living standards andthose of its metropolitan areas. However, the nation faces a growing innovation challenge in today’sglobal economy. To respond, the federal government should establish a National...
Persistent link: https://www.econbiz.de/10013235839
Manufacturing digitalization promises to transform how products are designed, fabricated, used, and serviced, but more needs to be done to facilitate the uptake of digital technologies by manufacturers in the United States, Korea, and beyond
Persistent link: https://www.econbiz.de/10014033297
It has become almost a cliché to point out that the rise of advanced transportation and communication technologies have provided firms much more locational freedom and that the market for an increased share of goods and services is now international. But these and other factors have...
Persistent link: https://www.econbiz.de/10013152214
The Policy Index assesses 55 countries against 84 indicators grouped across seven core innovation policy areas: 1) trade and foreign direct investment; 2) science and R&D; 3) domestic market competition; 4) intellectual property rights; 5) information technology; 6) government procurement; and 7)...
Persistent link: https://www.econbiz.de/10013066469
Robots are key tools for boosting productivity and living standards. To date, most robot adoption has occurred in manufacturing, where there are robots designed to perform a wide variety of manual tasks more efficiently and consistently than humans. But with continued innovation, robot use is...
Persistent link: https://www.econbiz.de/10012893925