Trade plays key roles in fostering innovation, both as a conduit for the diffusion of global technology and knowhow that facilitates innovation in developing nations and by giving innovative companies access to large global markets through which they can recoup their upfront investments in R&D and generate revenues to finance future generations of innovation. GTIPA-member reports here examine trade-innovation linkages.
Trade and Innovation
Like other countries, Mexico’s states and cities define its economic landscap
Pharmaceutical tariffs have been falling in recent years, but they still reach 20% in some countries, according to new research from Geneva Network. The analysis shows in some countries, falling average tariff rates are cancelled out by large increases in the categories of medicines subject to tariffs. In the face of the Covid pandemic, the world needs legally-binding abolition of medicine tariffs now.
India’s insurance sector has been growing dynamically in the last couple of y
Boris Johnson leads the UK with the very same ambition as his predecessor.
Japan and the San Francisco Bay Area find themselves in strategic alignment as digitalization drives the Industry 4.0 revolution. Bay Area technology companies are expanding their footprint in the Japanese market, and Japan’s largest industrial firms are engaging both Japanese and Silicon Valley startups.
The SARS-CoV-2 pandemic has shocked many of us. But perhaps the most shocked were those in the European Commission who are responsible for the provision of pharmaceuticals to the populous. In a roadmap plan for a new piece of legislation, the Commission lays out a comprehensive approach to regulating pharmaceuticals and free trade, based on the lessons learned from the pandemic.
Prosperity Index has plunged downwards.
On 23 June, the European Commission published the Innovation Scoreboard for 2020, the ranking of EU countries’ research and innovation performance. Results are broadly in line with those of previous years, with the Union as a whole strengthening its innovation capacity compared to the beginning of the decade, but continuing to lose positions to the major global competitors.
The Eastern European countries (especially the Baltic countries) have accelerated their growth and begun to reduce the internal European R&I divide. In contrast, Italy – although showing a positive trend during the decade – has confirmed its structural weaknesses in research and innovation, a factor that has been widely known for years. This is all further material for reflection, both at national and European levels, in view of the definition of the Recovery Plan proposed by the Commission at the end of May.
COVID-19 has prompted calls for reshoring of medical goods, including strict “Buy American” prescriptions. While reshoring is important, “Buy American” fails to recognize the value of the global supply chain and avoids addressing the real problem, China.