Economy

The best places in the world to launch a start-up

The Global Entrepreneurship Network and the GEDI Institute partnered on the research and development of the Global Entrepreneurship Index, which found that the U.S. leads the world in entrepreneurship, followed by Canada, Australia and the United Kingdom.

Big Companies Say Their Innovation Spending Will Change Significantly Over Next Decade, According to Findings of Strategy&'s 2014 Global Innovation 1000 Study

Large multi-national companies report that they expect the focus of their innovation efforts and investments to change significantly over the next decade -- moving toward a far greater emphasis on riskier initiatives and breakthrough innovations, according to the newly released, tenth annual 2014 Global Innovation 1000 Study from Strategy&, part of the PwC network. The study includes a survey of over 500 innovation leaders at nearly 500 companies.

U.S., China reach historic deal to end tech tariffs

The United States and China reached a historic agreement late Monday that would eliminate tariffs on the global trade of $1 trillion in high-tech products in a development that could support up to 60,000 new U.S. jobs.

Japanese companies beating U.S. firms in innovation

Japanese firms outranked U.S. companies when it comes to innovation, according to a 2014 list released by Thomson Reuters’ IP and Science business. There were 39 Japanese firms that made this year’s Top 100 Global Innovators list, compared to 35 U.S. companies.

Tech industry drawing up wish lists for new U.S. Congress

A Republican majority in both the U.S. Senate and the House of Representatives presents opportunities and challenges for technology-related legislation in Congress. Big industry groups are drawing up wish lists and honing strategy. The following are some of the developments technology and telecommunications lobbyists are watching in the next Congress:

U.S. leads in technology innovation; don’t let other countries steal our secrets

As our economy recovers, businesses need to be exceptionally cautious as other countries may face reduced demand for manufacturing upon which they thrived in the past. Importantly, technology transfer from the United States may slow down and these countries have fallen behind in innovation. This creates a perfect storm for them to catch up with the United States by taking the path of least resistance — by stealing our trade secrets.

The spies who kill innovation

As the Internet connects the world, cybercrime steals from it. Each year, the economy suffers $375-$575 billion in losses due to cybercrime, according to a comprehensive study by the Center for Strategic and International Studies (CSIS). CSIS reports that the U.S. economy suffers $70-140 billion of those losses, more than any other nation does. To put this in perspective, CSIS estimates that those losses amount to 200,000 lost jobs for American workers, roughly the same number of total jobs added in September.

Digital Drag: Ranking 125 Nations on Taxes and Tariffs on ICT Goods and Services

Information and communications technology (ICT) drives productivity growth in the developed and developing world alike. Yet despite the clear benefits, many nations discourage ICT adoption by businesses and consumers by imposing discriminatory tariffs and taxes on cell phones, computers, telecommunications services and an array of additional ICT goods and services in the vain hope of increasing government revenues and/or protecting domestic ICT producers.

Lack of Skilled Workers Threatens Economic Growth

Employers are looking to hire people with more advanced skills, especially in STEM fields, but job seekers are often struggling to figure out which skills they need and where they can learn them.

Business R&D Performance in the United States Tops $300 Billion in 2012

Companies spent $302 billion on research and development performed in the United States during 2012, 2.8% more than the $294 billion spent during 2011. Funding from the companies’ own sources was $239 billion during 2011 and $247 billion during 2012, a 3.6% increase; funding from other sources was $55 billion in both years.

5 Consumer Companies Considered More Innovative Than Apple

Whether we're talking about a pharmaceutical company developing the latest treatment to fight cancer, a bank testing a new mobile payment system to heighten banking security and improve convenience for customers, or a restaurant testing out a new dinner menu and looking to boost dining traffic and please palates, innovation is the foundation from which great businesses grow.

Separating Fact from Fiction in the TPP

IP plays a critical role in establishing ecosystems of innovation that propel economic growth and competitiveness in developed and developing economies. Laws that protect IP lead to not only increased foreign direct investment (especially critical for developing nations), but also to continued innovation.

White House to seek budget relief deal in Congress

The Obama administration will press Congress next year to ease planned austerity measures that threaten to drag on the economy, a White House official said on Tuesday. Shaun Donovan, director of the Office of Management and Budget, said he wants to build on a deal reached in Congress last year that provided a temporary reprieve against so-called sequestration budget cuts.

Recent Research: Is Bigger Better in Economic Development?

Over the past decade, two ideas have become more and more popular among innovation and economic development leaders. First, that maximizing collaboration between institutions, interest groups, stakeholders and communities is pivotal in building an innovation ecosystem that can succeed and grow over time.

The Global Mercantilist Index: A New Approach to Ranking Nations’ Trade Policies

Countries’ use of mercantilist policies in recent years has expanded dramatically, particularly in emerging economies such as Brazil, China, and India. These practices, such as forced technology transfer or local production as a condition of market access, intellectual property (IP) theft, compulsory licensing of IP, restrictions on cross-border data flows, and currency manipulation, all distort trade and investment and damage the global economy.

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