Designing a Global Trading System to Maximize Innovation | Zendy

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Designing a Global Trading System to Maximize Innovation

Author(s) -

Atkinson Robert

Publication year - 2014

Publication title -

global policy

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 0.602

H-Index - 33

eISSN - 1758-5899

pISSN - 1758-5880

DOI - 10.1111/1758-5899.12120

Subject(s) - mercantilism , multinational corporation , industrial organization , international trade , business , economics , technology transfer , international economics , market economy , finance

‘Innovation mercantilism’ is on the rise with the result: less global innovation. Policy makers should: create an Innovation Trade Agreement whereby tariffs on all innovation products are eliminated; make development aid contingent upon nations renouncing innovation mercantilist policies; empower multinational firms to fight back by providing antitrust exemptions for cooperation to resist forced technology transfer requirements; develop new multilateral own trade agreements with real measures to stop innovation mercantilism; and develop cooperative international agreements to better support innovation and R&D.

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