As an increasing number of countries seek to grow their economies through innovation, many are turning to "innovation mercantilism," a strategy that sees increased exports and reduced imports of technology-based goods and services as the key to economic success and uses distorted and protectionist tactics to achieve that goal.
To highlight the rapid growth of these destructive practices the
"By raising costs, reducing revenues or weakening intellectual property protections, innovation mercantilist policies damage the global production of innovation." notes
The ten worst mercantilist policies of the year are:
The authors argue that instead of innovation mercantilism, nations should promote policies that focus on ensuring innovation and productivity in all industries in an economy, not just "innovation industries."
"As the global economy becomes increasingly intertwined, innovation mercantilism will become more damaging to the overall trade ecosystem," adds
The report builds on a previous ITIF study (http://www2.itif.org/2013-localization-barriers-to-trade.pdf) which provided a comprehensive analysis of the use of localization barriers to trade, a key innovation mercantilist practice that is increasingly prevalent around the world.
Read the 10 Worst Innovation Mercantilist Policies of 2013.( http://www2.itif.org/2014-ten-worst-innovation-mercantilist-policies.pdf)
TNS 24HariRad-140107-30FurigayJane-4592074 30FurigayJane
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