The Trade Barrier Index analyzes trade restrictions in 86 countries; accounting for 83 percent of the world's population, 91 percent of all goods and services traded and 94 percent of global GDP. Growing trade tensions are having tangible repercussions on the global economy, such as the US-China trade war or between the US and the European Union. The fundamental role of the interchange of goods and services for development and growth is rediscovered. The debate on the subject needs a tool capable of measuring the extent of trade barriers, the forms in which they can decline and the role they play in limiting investment strategies and exchange policies.
As countries increasingly vie to both achieve the highest levels of innovation-based economic growth and attract, grow, and scale innovative enterprises and industries, a growing number have turned to “innovation mercantilist” policies that seek to grow nations’ innovation-based firms and industries through policies. The Global Mercantilist Index, ranking 60 nations on 18 variables ranging from market access and forced localization to currency manipulation and intellectual property protections, finds that China is the world’s most innovation-mercantilist nation.
Robust intellectual property (IP) protection is vital for biopharmaceutical innovation. It provides the incentives and business certainty needed to attract and sustain long-term investment in prevention, treatments and cures. IP rights have little value without enforcement, however.
Last week, the Legal Committee of the European Parliament voted in favour of the manufacturing export waiver for Supplementary Protection Certificates,
There are plenty of reasons why intelligence professionals are alarmed by Huawei’s involvement in our 5G networks, particularly, the close relationship between Huawei and a Chinese government with a history of cyberespionage, writes Richard Fadden.
The third edition of ITIF’s annual report on the scourge of “innovation mercantilism” highlights 10 of the world’s most glaring examples of protectionist policies subverting innovation.
This second annual report documents the worst innovation mercantilist practices proposed around the world in 2014.
This report ranks 55 nations on the extent of how they practice trade mercantilism.
The use of localization barriers to trade, by numerous countries, threatens the global economy.
Not all innovation policies are created equal. In a ground-breaking report, ITIF surveys how countries’ innovation policies affect them individually and the global economy as a whole and recommends ways for healthy competition that benefits all.