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  • competitiveness

    Why Japan Should Reengineer Innovation

    The Japanese are good at innovation. It was their reengineering techniques that propelled them to a top world competitor in the 1980s. But since stagnation began 20 years ago, Japan’s skill of innovating is still only good. It needs to be great. Most economies can be categorized by four characteristics: … More

    A Tariff Cut Can Boost U.S. Output

    The Federal Reserve recently cut its forecast for economic growth in the United States. That’s a problem. We need higher growth to create jobs and rebuild a prosperous middle class. However, there’s a simple way the government could combat continued weak growth: eliminate tariffs on inputs used by U.S. producers. … More

    America Needs a New Balanced Tariff Structure

    Where does America get its shoes? Today, 99 percent of shoes sold in America come from overseas. Imported shoes are taxed at an average rate of 10 percent, with some tariffs as high as 67.5 percent. Inexpensive shoes are taxed at higher rates, a burden for low-income Americans. New Balance … More

    Energy "Race to the Top" Is a Race to the Trough

      Advocacy groups are pushing to include the State Energy Race to the Top Initiative Act of 2013 legislation as an amendment to the Shaheen–Portman efficiency bill. But the “race to the top” idea amounts to nothing more than a subsidy-filled race to the trough for companies that are hungry … More

    “Everyday High Prices” Should Not Be Trade Agency’s Slogan

    Trans-Pacific Partnership (TPP) trade negotiations are taking place this week in Malaysia. Here’s a modest suggestion to help new U.S. Trade Representative Michael Froman bring the TPP to a successful conclusion: eliminate the position of Assistant U.S. Trade Representative for Textiles, a job that places the welfare of one special … More

    A Rare Showing of Bipartisanship

    Yesterday, in a rare showing of bipartisanship, the lame-duck Senate passed the Russia and Moldova Jackson–Vanik Repeal Act of 2012 by a vote of 92–4. The Senate took up the version of the bill that passed by an overwhelming majority in the U.S. House of Representatives last month, which grants … More

    America's Regulatory Competiveness Continues to Lag

    According to the World Bank’s just-released Doing Business 2013—which looks into various reform measures to rank 185 economies on the ease of doing business—the United States continues to trail Singapore, Hong Kong, and New Zealand. The only surprise is that the U.S. didn’t drop further in the rankings. According to … More

    Debate 2012: Seven New Claims—True or False Quiz

    The second presidential debate was full of claims about the economy, taxes, and regulation. Many of the top 10 true and false claims made during the first debate were repeated during the second. But there were also new claims warranting a closer look. We’ve selected seven new claims in this … More

    Small Town Sympathy Shouldn’t Trump Common Sense Trade Policy

    Recent negotiations of the Trans-Pacific Partnership have sent representatives of government supported industries, like New Balance shoes, scrambling for political help to maintain their high tariffs. While an economic case can’t be made for keeping these tariffs in place, proponents are touching a much more emotional one: culture. New England … More

    U.S. Falls in World Economic Competitiveness Rankings

    The United States’ competitive edge in the global economy is not what it used to be. The World Economic Forum (WEF) reported that the U.S. dropped from fifth to seventh place—the fourth consecutive year it has fallen in the rankings. Chief among the reasons is the one-two punch of skyrocketing … More