China’s institutionalized trade circumvention apparatus presents an enormous challenge for modern trade policy and existing remedies are ill-equipped to address the problem. The global trade system needs a new and updated set of tools, which start from and require the US to coordinate with its allies and partners.
Countries are increasingly vying for leadership in advanced-technology industries. In this quest, it’s important countries avoid zero-sum, “innovation mercantilist” policies—such as IP theft, forced technology transfer, or excessive industrial subsidization—that confer unfair, non-market-based advantages for domestic competitors. GTIPA reports here examine innovation mercantilism and its global economic effects.