With its latest five year plan, China has made the promotion of innovation and high tech industry growth a central part of its economic strategy. As a result, there has been increasing attention within the U.S. to the issue of Chinese innovation in regards to whether or not it could pose a threat to the United States economy.
The Chain of Logic to Get to a Robust National Innovation and Competitiveness Policy
Why is the United States one of the few developed nations without a comprehensive national innovation and competitiveness policy? Is it a hyper-partisan political environment and stakeholder resistance? Perhaps, but the real culprit is that too few policymakers and even fewer economic pundits and analysts acknowledge we have competitiveness and innovation problems. And if they do, the solutions they advocate don’t logically lead to developing and effective policy response. In this analysis, Rob Atkinson goes through the myths about the problems and the solutions that impede us from developing policies to boost U.S. innovation and competitiveness.