A White House report has warned that Chinese industrial policies pose a real threat to the US semiconductor industry. The report, submitted before US President Barack Obama by the President’s Council of Advisors on Science & Technology (PCAST), argues that the US semiconductor industry needs to innovate and run faster in order to mitigate the threat posed by Chinese industrial policy and strengthen the country’s economy.
One of the president's most important responsibilities is fostering science, technology and innovation in the U.S. economy. The relationship between science and policy runs in two directions: Scientific knowledge can inform policy decisions, and conversely, policies affect the course of science, technology and innovation.
To address such stagnation, one policy that has gained traction from some economists and President-elect Trump is infrastructure stimulus. When this was first proposed in 2013, the focus was on jobs; since then, employment levels have recovered, but the underlying problems of investment and productivity growth remain.
When it comes to the idea of getting tough on China, Donald Trump is looking more and more serious. On Wednesday, Trump announced the creation of the White House National Trade Council and said it would be headed by Peter Navarro, an outspoken China critic and author of "Death by China."
Some of Donald Trump's biggest campaign promises included the creation of manufacturing jobs for American workers, making better trade deals and increasing military spending. Policies in these areas will affect a tech industry that reaches into every corner of the U.S. economy.
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.
Contrary to perceptions, America’s innovation-driven, high-tech economy is not concentrated around hubs like Silicon Valley; it is widely diffused—and every state and congressional district has a stake in its success.