Competitiveness is an important concept for measuring economic health but many get the meaning wrong. The true definition of competitiveness is the ability of a region to export more in value added terms than it imports when including for “terms of trade” to reflect all government “discounts” and import barriers.
Managing the Helium Reserve: Auctions are the Best Way to Allocate Scarce Resources
Unless Congress acts soon, the Federal Helium Program will begin shutting down on October 1. If this happens a valuable federal resource will lie unutilized and 42 percent of current domestic supply will disappear at a time when the helium market is already experiencing shortages. Congress should reauthorize the program with two changes. First, the government should increasingly use auctions to maximize its revenue. Second, since the Reserve will soon be depleted, annual sales should decline gradually, giving the markets time to adjust.
Achieving Shared Growth for the U.S. in a Global Economy
Robert Atkinson will present on "Achieving Shared Growth for the U.S. in a Global Economy" to the 2013 LEAD Conference. Leading voices from academia, business, and government will gather on Georgetown’s campus for a bipartisan discussion on strategies to promote shared economic growth. The LEAD Conference is free and open to the public.
The STEM Crisis is Real
Recently, Robert Charette penned a blog post on IEEE Spectrum titled “The STEM Crisis is a Myth.” However, Mr. Charette’s argument is based on flawed analysis and faulty assumptions. America does face a STEM shortage in key industries and if we do not enact reforms to address this we will continue to fall behind our global competitors.