The U.S. Department of Commerce’s Competitiveness and Innovative Capacity of the United States report addresses a diverse range of topics and policy options, including: tax policy; the general business climate in the U.S.; 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. The report makes three important findings:
- Federal investments in research, education and infrastructure were critical building blocks for American economic competitiveness, business expansion and job creation in the last century;
- Failures to properly invest in, and have comprehensive strategies for, those areas eroded America’s competitive position; and,
- In a constrained budgetary environment, prioritizing support for these pillars are imperative for America’s economic future and provide a strong return on investment for the U.S. taxpayer.
The report can be found at the U.S. Department of Commerce America COMPETES website:http://www.commerce.gov/americacompetes
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(source: Information Technology & Innovation Foundation)
