The advent of the Global Positioning System and its subsequent commercialization has delivered enormous benefits to the U.S. economy. Productivity gains, input cost reductions, time savings, and environmental, health, and safety benefits are among …
China’s rapid industrial growth in the past three decades—averaging nearly 12% per year—has fueled a surging demand for energy. China’s demand for energy continues to grow and is expected to account for a quarter of global energy consumption by 2035.
Innovation is a key determinant of the global competitiveness of American businesses. IP-intensive companies contribute substantially to U.S. output and employment and generate a large number of well-paying jobs. The innovation emanating from these companies is a key driver of sustained long-term economic growth and productivity.