A new paper shows that military spending, specially defense procurement from U.S. businesses, stimulates more R&D and more patents than civilian sales. The military buildup in the 1980s, which comprised only 4% of corporate sales, contributed to 11.4% of corporate patents and 6.5% of corporate R&D spending.
Blogs & Op-eds
If Manufacturing Employment is Dead Then Take a Look at China’s Zombie Apocalypse
A number of prominent economists have used job losses in China's manufacturing sector as justification for abandoning hope for U.S. manufacturing. But these "job losses" never really existed: they were due to statistical changes and the massive restructuring and privatization of China's economy. Recent data indicate that employment in China's manufacturing sector is growing, not shrinking.
While America Sleeps Other Nations Bolster Manufacturing Sector
In recent years, many U.S. competitors have established strategic, well-funded advanced manufacturing support systems that have proven vital to expanding technology creation, supporting the development of innovative new products, improving manufacturing productivity, and bettering trade performance. From Germany and Japan to the United Kingdom, a focus of these strategies has been support for investments in public-private partnerships focused on industrially relevant applied R&D activities. Their goal is to ensure that research discoveries or inventions made in their countries’ universities and national laboratories are commercialized into products that are manufactured at scale by local industry. The United States has not kept pace. But legislation working its way through Congress now via the Revitalize American Manufacturing and Innovation Act could help rectify this situation and revitalize U.S. industrial competitiveness by establishing a National Network for Manufacturing Innovation (NNMI)—a network of 15 Institutes of Manufacturing Innovation focused on innovation in advanced manufacturing product and process technologies.
Spurring a Manufacturing Renaissance: Increasing Competitiveness through Energy Efficiency
The Job Creation through Energy Efficient Manufacturing Act is a necessary component in building a robust manufacturing innovation ecosystem. The bill would spur the development and implementation of energy efficient technologies in the manufacturing sector, improving the productivity and competitiveness of American firms, while also reducing production costs and enhancing environmental quality.
Manufacturing Innovation is Key to Boosting Growth
The Senate Commerce Committee took an important step towards boosting manufacturing competitiveness and innovation last week with the mark-up of the Revitalize American Manufacturing and Innovation Act (RAMI). The bipartisan bill, cosponsored by Senators Sherrod Brown (D-OH) and Roy Blunt (R-MO), would create the National Network for Manufacturing Innovation (NNMI), which would be comprised of up to 15 public-private, manufacturing innovation hubs. These centers would accelerate manufacturing innovation in technologies with commercial applications by bridging the gap between basic research performed at U.S. universities and research laboratories and product development by U.S. manufacturers.
Big Data Can be a Big Help to City
Former Mayor Michael Bloomberg helped transform New York into one of the most innovative cities in the nation, using data to reduce fire fatalities, enhance relief efforts following Hurricane Sandy and find the source of sewer back-ups, among other examples. Mayor Bill de Blasio can build on this legacy to boost economic growth, public safety and education, improving the lives of all New Yorkers.
Investment in Medical Innovation Produces Immense Value for Patients, Economies
The U.S. has already made great strides in the field of medical innovation. Maintaining our focus and investment in this field is a critical necessity in order for patients, economies and societies the world over to reap the benefits of future discoveries.
Reuters (Predictably) Gets It Wrong. Again
One of the reasons the “controversy” over crops improved through biotechnology persists, is because it is manufactured and sustained by a well-organized, ongoing campaign, funded and sustained by vested interests. This astroturf campaign is fueled by credulous and disengaged journalists who recycle their press releases, and allow those biases to bleed over into other coverage.
Innovation Economics and the Future of American Competitiveness
Today, nations compete fiercely to grow and attract the highest-value-added economic activity, the high-wage, knowledge-intensive manufacturing, research, software, information technology (IT), and services jobs that power today’s global, innovation-based economy. Unless the United States develops a comprehensive innovation strategy designed to spur development in these knowledge-based industries we risk further economic stagnation and job loss.
America Needs Corporate Tax Reform
Corporations have more choices today about how to structure their organizations and finances, where to locate their headquarters and operations and how to send profits to shareholders. All of this will make tax collection more difficult. Other countries are competing for this high-value-added production and jobs by lowering their corporate tax rates. The United States must follow suit.