The United States leads the world in combining innovation quality and quantity, but the challenges are growing, particularly when it comes to scientific research. Addressing gaps in U.S. innovation policy could help ensure that the United States remains the leading innovation center for decades to come.
The scorecard infographic and accompanying progress report, "Trading Up: U.S. Trade and Investment Policy," analyzes the overall health of the U.S. economy by focusing on shifts in global trade and foreign direct investment in the United States.
This report states that the ultimate effect of this R & D globalization on the U.S. economy and U.S. industry remains uncertain. But extrapolating from three important trends in the international economy--namely the rise of newly industrializing economies; the restructuring of the American system of innovation; and the globalization of sales and production--it seems likely that knowledge-intensive activities, from basic research to technology-based production, are not permanently anchored in American soil.
To keep its edge in technological innovation against India and China, the United States must focus on open immigration policies, strengthening political and social networks, and more, says CFR's Adam Segal.
In looking abroad to promote economic growth, Robert Pastor argues the United States need not go further than its two closest neighbors, Canada and Mexico. Leaders of the three countries can build off of NAFTA to create a more seamless market by negotiating a common external tariff, eliminating restrictions on transportation and services, funding new continental infrastructure, and fostering a sense of community among North Americans.
The U.S.-Mexico High Level Economic Dialogue was created by U.S. President Barack Obama and Mexican President Enrique Peña Nieto in May 2013 and the first cabinet-level meeting was convened September 2013 in Mexico City. Vice President Biden hosted the January 6, 2015 meeting in Washington. Participating U.S. agencies include Departments of State and Commerce, and the Office of the U.S. Trade Representative. In 2015, strategic goals are focused on energy; modern borders; work force development; regulatory cooperation; partnering in regional and global leadership; and stakeholder engagement.
Japanese Prime Minister Shinzo Abe spoke at the World Economic Forum on January 22, 2014. In his speech, "Reshaping of the World: Vision from Japan," he discussed his economic policy, often called "Abenomics," and reform of the monetary and fiscal policies regarding markets and trade agreements.
President Barack Obama and Mexican President Pena Nieto held this press conference in Mexico City after their meeting on May 2, 2013. They discussed immigration, security, and economic initiatives, and established the U.S.-Mexico High Level Economic Dialogue.
The U.S. Department of Commerce, in consultation with the National Economic Council, released this January 2012 report on competitiveness and innovation. The foreward states,
"On January 4, 2011, President Barack Obama signed into law the America COMPETES Reauthorization Act of 2010 (COMPETES). Section 604 of COMPETES mandates that the Secretary of Commerce complete a study that addresses the economic competitiveness and innovative capacity of the United States (see Supplemental Materials). Congress directed that this report address a diverse array of topics and policy options, including: tax policy; the general business climate in the U.S.; regional issues such as the role of state and local governments in higher education; barriers to setting up new firms; trade policy, including export promotion; the effectiveness of Federal research and development policy; intellectual property regimes in the U.S. and abroad; the health of the manufacturing sector; and science and technology education."
Office of the National Counterintelligence Executive presented this report to Congress in October 2011, analyzing "foreign economic collection and industrial espionage, 2009-2011."
The America COMPETES Reauthorization Act of 2010 (H.R. 5116) was signed as public law 111-358 by President Obama on January 4, 2011. The law's aim is to reauthorize "various programs intended to strengthen research and education in the United States related to science, technology, engineering, and mathematics".
OECD countries agreed to provide "an open and transparent environment for international investment and to encourage the positive contribution multinational enterprises can make to economic and social progress." The declaration was established in 1976 and was reviewed in 2011.
In her testimony before the House Foreign Affairs Subcommittee on the Western Hemisphere, Shannon O’Neil argues that the United States should make North America a priority and work towards further strengthening economic and energy ties with Canada and Mexico.
Ellen Kullman, chair of the board and chief executive officer of DuPont, joins Alan S. Murray, editor at Fortune magazine, to discuss global competitiveness. Kullman describes Dupont’s deep portfolio strategy, and innovations ranging from drought-resistant cultivars to biofuel to golf ball materials.
Acting Secretary Blank discusses policies and investments for supporting U.S. competitiveness and job growth.
Jeffrey Zients, Robert Wolf, and Garrick Utley discuss the present situation of the US economy and what the US President is doing about it.
Williams argues that the status quo for peace operations in untenable and that greater U.S. involvement is necessary to enhance the quality and success of peacekeeping missions.
The authors argue that the United States has responded inadequately to the rise of Chinese power and recommend placing less strategic emphasis on the goal of integrating China into the international system and more on balancing China's rise.
Campbell evaluates the implications of the Boko Haram insurgency and recommends that the United States support Nigerian efforts to address the drivers of Boko Haram, such as poverty and corruption, and to foster stronger ties with Nigerian civil society.
Red Team provides an in-depth investigation into the work of red teams, revealing the best practices, most common pitfalls, and most effective applications of these modern-day devil's advocates. More
Ashley's War tells the poignant and gripping story of a groundbreaking team of female American warriors who served alongside Special Operations soldiers in Afghanistan. More
Smith's insightful book explores the policy issues testing the Japanese government as it tries to navigate its relationship with an advancing China. More
Learn more about CFR’s mission and its work over the past year in the 2015 Annual Report. The Annual Report spotlights new initiatives, high-profile events, and authoritative scholarship from CFR experts, and includes a message from CFR President Richard N. Haass.
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