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Though life science is widely assumed to be a strong sector for the U.S., if current budget cuts continue, emerging nations such as China will overtake the U.S as the world's leader in this area. Policymakers must realize the importance of boosting public investments in life sciences for U.S. prosperity and international competitiveness and the tremendous societal value of advances in this...

We're at seven billion people and counting and we all need to eat. Fortunately, innovation in life sciences is helping meet this challenge. In recent decades, researchers discovered and illuminated the numerous mechanisms by which DNA is recombined in nature and learned how to use those techniques in the laboratory. As a consequence, crops improved through biotech have been grown by now on...

Japan has learned from its economic mistakes in the past and has adopted some long-overdue reforms, some of which have begun to pay off. Of course, Japan, like the U.S., continues to face formidable obstacles in sustaining domestic economic growth and global competitiveness. Japan recently reduced its top corporate tax rate to be competitive with other OECD nations. The top U.S. rate,...

In fiscal year (FY) 2010, the Ex-Im Bank provided $24.5 billion worth of export credit financing which supported $34.4 billion worth of U.S. exports. Through that financing in FY 2010, the Ex-Im Bank supported 227,000 jobs at 3,300 U.S. companies, helping those companies export to 175 countries around the world. In fact, 7,400 U.S. jobs are created by every $1 billion worth of exports...

Intellectual property is vital to U.S. competitiveness and economic growth. We must shore up this sector by fighting innovation mercantilism, stopping rampant IP theft by foreign countries, and imposing smarter tax policies domestically such as the patent box that promote growth in IP.

Investment by overseas entities is a critical element of healthy commerce in the era of global supply chains and trade liberalization. These investments provide well-paying jobs and stimulate growth in the United States so policymakers must ensure that the U.S. remains an attractive place for foreign capital. Our tax and regulatory policies and infrastructure should should be globally...

It is time to scale back on the generous allocation of spectrum to government. Simply moving government agencies from one prime spot below 3 GHz to another is actually a failure. With new communications technologies, agencies should also realize they serve the public by performing their roles to the best of their abilities, and these roles do not generally include network operations. We can...

Manufacturing lost jobs because manufacturing lost output, and it lost output because its ability to compete in global markets-some manipulated by egregious foreign mercantilist policies, others supported by better national competitiveness policies, like lower corporate tax rates-declined significantly. In 2010, 13 of the 19 U.S. manufacturing sectors (employing 55 percent of manufacturing...

Historically, the job growth that came from the explosion of capital formation for small companies used to be a source of strength for the U.S. economy. However, that is no longer the case. Since the recession, there has been a dramatic decline in our country's IPO activity. The decline in IPO activity can be linked to the sluggish job creation, making it important that we get the IPO market...

Workers switch jobs more frequently today and U.S. companies tend to invest for the short term. These factors help account for why U.S. companies invest about half what they used to for training today as a share of GDP compared to a decade ago. It is important for the United States to adjust training incentives to the realities of today's labor mobility. One idea would be to expand the R&D...