The President’s FY 2015 budget proposal does direct funding toward a number of important initiatives in R&D, while also spurring the commercialization of innovations. However, it does not arrest the long-term trend of continued underinvestment in the core building blocks of U.S. competitiveness.
Two Cheers for Martin Baily’s “U.S. Manufacturing”
A new study by Martin Bailey and Barry Bosworth confirms previous research conducted by ITIF which shows a steep decline in U.S. manufacturing output over the last decade. This new data will hopefully serve as a wakeup call for policymakers on the need to address the competitiveness and growth issues faced by this vital sector.
Countries Policies to Support Advanced Manufacturing
Stephen Ezell reviewed countries developing new industrial polices that target leadership in advanced manufacturing, investments in R&D, tech commercialization and advanced manufacturing capacity of SMEs to the National Institute of Standards and Technology's Visiting Committee on Advanced Technology.