Close Menu
  • Home
  • Economic News
  • Stock Market
  • Real Estate
  • Crypto
  • Investment
  • Personal Finance
  • Retirement
  • Banking

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

The Best Prime Day Travel Deals 2025

June 30, 2025

How to make $100,000 or more and pay no income taxes

June 30, 2025

A Translation Guide To Progressive Slavespeak

June 30, 2025
Facebook X (Twitter) Instagram
  • Contact Us
  • Privacy Policy
  • Terms Of Service
Monday, June 30
Doorpickers
Facebook X (Twitter) Instagram
  • Home
  • Economic News
  • Stock Market
  • Real Estate
  • Crypto
  • Investment
  • Personal Finance
  • Retirement
  • Banking
Doorpickers
Home»Economic News»America has an innovation and incumbency problem
Economic News

America has an innovation and incumbency problem

September 12, 2024No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

Stay up-to-date with complimentary updates

Just subscribe to the US economy myFT Digest — delivered straight to your email inbox.

Boosting economic growth is a pressing question for the new(ish) British government of Sir Keir Starmer, as well as its European and American counterparts. Historically, economists have pointed to increased productivity through research and development as the key driver of growth. Politicians often advocate for more R&D funding in hopes of spurring economic progress.

However, a recent report from the IMF’s Finance and Development publication challenges this notion. Ufuk Akcigit, a University of Chicago economist, analyzed US productivity trends and uncovered a paradox. Despite a significant increase in R&D spending over the years, economic growth has not accelerated as expected.

Michael Peters, a Yale economist, highlighted the concerning trend of declining labor productivity in recent years, attributing it to a shift in the landscape of innovation. Incumbent companies are now using R&D to solidify their market dominance rather than fostering new challengers.

This trend towards corporate concentration has raised questions about the effectiveness of current R&D strategies and the impact on future innovation. While some argue that large tech companies drive economic growth and innovation, others caution against the risks associated with concentrated corporate power.

As debates around corporate concentration and innovation continue, it is crucial for policymakers to address key issues such as R&D tax credits, patent protection, antitrust enforcement, and corporate influence in politics. Ignoring these vital policy discussions in favor of sensational news stories undermines the future trajectory of the economy.

Amidst the ongoing debates, the role of tech leaders like Elon Musk in shaping the innovation landscape remains a topic of interest. Whether their influence represents entrepreneurial spirit or corporate consolidation will have significant implications for the future of innovation, particularly in the AI race.

gillian.tett@ft.com

following sentence in your own words:

The cat chased the mouse through the house.

America incumbency Innovation Problem
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

A Translation Guide To Progressive Slavespeak

June 30, 2025

Dry weather pushes up UK food inflation as harvests suffer

June 30, 2025

Canada Scraps Digital Service Tax On U.S. Tech Giants To Revive Trade Talks

June 30, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Posts

Homes.com’s Andy Florance hits back at Zillow

April 14, 20250 Views

New Rove Card Promises Travel Rewards, No Credit History Needed

August 31, 20240 Views

Open-end vs. closed-end funds

March 19, 20250 Views
Stay In Touch
  • Facebook
  • YouTube
  • TikTok
  • WhatsApp
  • Twitter
  • Instagram
Latest
Personal Finance

The Best Prime Day Travel Deals 2025

June 30, 20250
Investment

How to make $100,000 or more and pay no income taxes

June 30, 20250
Economic News

A Translation Guide To Progressive Slavespeak

June 30, 20250
Facebook X (Twitter) Instagram Pinterest
  • Contact Us
  • Privacy Policy
  • Terms Of Service
© 2025 doorpickers.com - All rights reserved

Type above and press Enter to search. Press Esc to cancel.