American Innovation

Though described by its proponents as an expedient means to lower the cost of pharmaceuticals, a recently proposed reference pricing scheme will cause long-term harm to the nation’s innovation system.

America’s innovation partnership with the People’s Republic of China is seeking a new equilibrium, recognizing China as the most important strategic competitor on one hand, and acknowledging the realities of mutual dependencies and economic pragmatism on the other. Treasury Secretary Janet Yellen’s visit to China has to balance both these realities.

This week’s state visit by Prime Minister Narendra Modi celebrates a new and promising phase in the relationship between the United States and India. One element of this effort is to build on shared innovation-driven strategic and commercial interests. The circulation of highly skilled educators and workforce represents a key ingredient of this symbiotic relationship.

The United States and Japan are accelerating discussions on export control cooperation. However, Japan has not implemented export controls as strict and extensive as those in the United States. Both countries will need to adjust their policies based on their understanding of other countries' domestic laws.