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."
Kurt J. Nagle, president and CEO of the American Association of Port Authorities, discusses the infrastructure investment needed to increase U.S. trade and competitiveness with CFR's director of studies, James M. Lindsay.
President Obama's much-anticipated speech on reviving the economy was heavy on familiar stimulus measures but failed to lay out policy initiatives that would spur a productive, more competitive U.S. economy, says CFR's Edward Alden.
American policy discourse is notoriously preoccupied with the country's loss of competitiveness. This Vox column by Uri Dadush and William Shawargues that these fears are misplaced, and that faulty fiscal policies are to blame for the perception that the United States has lost its edge.
Rising unemployment and the threat of a Moody's downgrade have highlighted the lagging economic recovery. While innovation is key to increasing U.S. global competitiveness, economists are divided over how to achieve this. Here, four experts debate policy options.
What are the implications for U.S. global competitiveness of running large budget deficits, and what should be done to reign in the fiscal shortfall? Five experts provide their take on the risks and recommend solutions.
Interviewer: L. Camille Massey Interviewee: James W. Owens
Jim Owens, Caterpillar Chairman and CEO Emeritus, discusses the importance of competitiveness and free trade issues for the long term economic health of the United States and for the country's leadership role in the world. Owens spoke to Council on Foreign Relations Vice President Camille Massey during CFR's 2011 Corporate Conference.
Adam Segal argues that the future of U.S. competitiveness lies not just in trying to beat China by the numbers, but on strengthening American social, political, and cultural institutions that support innovation.
President Obama's State of the Union focused on spurring economic growth and innovation but fell short on deficit reduction, argues CFR's Sebastian Mallaby. The stress on domestic over foreign policy made sense, but national security challenges loom, says CFR's James Lindsay.
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