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The internet has transformed how Americans live, work and play. It has connected people around the world in new ways through data that flows seamlessly across borders. Businesses rely on cross-border data flows to access markets and interact with customers across the globe, find new suppliers and communicate with their overseas affiliates. Citizens rely on these flows to access a wealth of...
Innovation and creative endeavors are indispensable elements that drive economic growth and sustain the competitive edge of the U.S. economy. The last century recorded unprecedented improvements in the health, economic well-being and overall quality of life for the entire U.S. population.1 As the world leader in innovation, U.S. companies have relied on intellectual property (IP) as one of the...
In the past, as with goods, the provision of a service either required the physical delivery of information via traditional shipping options or required travel by the purchaser or provider. Now, businesses and consumers are increasingly using the internet to purchase services. While most commodities must still be physically delivered, there are a number of services that can be delivered almost...
The United States remains an attractive destination for foreign direct investment (FDI) for a variety of reasons, including a large consumer base, a productive workforce, a highly innovative environment and legal protections. As a result, foreign firms make investments in the United States on a regular basis by establishing new operations, purchasing existing operations of another company or...
Increasingly, consumers and independent service providers are engaging in transactions facilitated by an internet-based platform. The digital firms that provide the platforms are often collectively referred to as belonging to the "sharing" or "collaborative" economies, among other descriptors. However, in this paper, we narrow the focus and propose a definition of "digital matching firms" that...
Ninth in a Series of Manufacturing Profiles: What is Made in America? These profiles are a follow-up to the ESA report "What is Made in America?" which estimates the dollar value and domestic-production percentage of what America produces. Made In America: Primary Metal Products In 2013, shipments from the U.S. manufacturing sector totaled $5.8 trillion. How much of these shipments do we make in...
Historically, manufacturing jobs have offered relatively high pay. However, there is not a consensus on the size of the pay premium for manufacturing jobs relative to the economy as a whole or even whether a premium continues to exist. This report turns to evidence to answer those questions, using ten federal datasets – each of which allows us to calculate and compare the average pay of...