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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.