From Fast Follower to Innovation Leader: Restructuring South Korea’s Technology Regulation
South Korea stands at a crossroads as its restrictive “positive regulation” and “shadow regulations” stifle innovation in AI, crypto, and mobility tech, allowing China to race ahead. Korea must modernize this framework or risk losing its position as a global innovation leader.
The Inflation Reduction Act Is Negotiating the United States Out of Drug Innovation
The Inflation Reduction Act (IRA) undermines innovation in small-molecule drugs by subjecting them to price controls after 9 years, whereas large-molecule drugs (biologics) are allowed 13 years of market pricing. Congress should pass the bipartisan EPIC Act to remedy this issue.
Tech Policy To-Do List
Now updated for 2025–2026, ITIF’s Tech Policy To-Do List is a knowledge base of nearly 140 actionable policy ideas for Congress, the administration, and regulatory agencies to spur innovation, growth, and U.S. global competitiveness.
BEAD Needs All Technologies to Succeed
The administration should reform the Broadband Equity, Access, and Deployment (BEAD) program to stop favoring overly expensive fiber when LEO satellites could do the same job for less. Taking a technology-neutral approach to broadband deployment would save money that could be better spent on other causes of the digital divide.
Why AI-Generated Content Labeling Mandates Fall Short
Mandatory labeling for AI-generated content, particularly through watermarking, is neither a reasonable nor effective solution to the issues policymakers seek to address. Rather than singling out AI-generated content, policymakers should prioritize building trust within the digital ecosystem as a whole.
Which US Allies Are Most Likely to Face Trump Tariffs—and How Can They Avoid the Wrath of an “America First” Doctrine?
President-elect Trump believes the era of U.S.-led globalization has been harmful to America. One way he intends to change course is by imposing tariffs on nations that take advantage of U.S. goodwill and leadership. At greatest risk will be nations with low military budgets, high trade balances, policy barriers to reciprocal trade, and soft positions on China.
Why South Korea Should Resist New Digital Platform Laws
Policymakers in South Korea are weighing a raft of digital market provisions inspired by the EU’s Digital Markets Act. Their goal is to rein in allegedly anticompetitive practices by Big Tech firms. But the proposed interventions are unwarranted and risk harming innovation, straining relations with the United States during uncertain times, and opening the door to China.
No, Reviving the Robinson-Patman Act Will Not Lead to More Competition or a Better Economy
Neo-Brandeisians aim to reinvigorate the Robinson-Patman Act to protect small businesses. But the act doesn’t address any anticompetitive conduct that isn’t already covered by the Sherman Act, and enforcing it will only harm consumers and limit growth. Rather than repeat history’s mistakes, the next Congress should repeal the act once and for all.
China Is Rapidly Becoming a Leading Innovator in Advanced Industries
There may be no more important question for the West’s competitive position in advanced industries than whether China is becoming a rival innovator. While the evidence suggests it hasn’t yet taken the overall lead, it has pulled ahead in certain areas, and in many others Chinese firms will likely equal or surpass Western firms within a decade or so.