Innovation Economics: The Race for Global Advantage delivers a critical wake-up call: a fierce global race for innovation advantage is under way, and while other nations are making support for technology and innovation a central tenet of their economic strategies and policies, America lacks a robust innovation policy. Unless the United States enacts public policies to reflect this reality, Americans face the relatively lower standards of living associated with a noncompetitive national economy. The authors explore how a weak innovation economy not only contributed to the Great Recession but is delaying America's recovery from it and how innovation in the United States compares with that in other developed and developing nations.
The book is a detailed, pragmatic road map for America to regain its global innovation advantage by 2020, as well as maximize the global supply of innovation and promote sustainable globalization.
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“Innovation Economics: The Race for Global Advantage offers a frank assessment of many of the underlying causes of our economic challenges and helps explain why recovery has remained so elusive. Rob Atkinson and Stephen Ezell have collaborated on a timely call to action: America can compete and win the global economic race, but only if we change our mindset and update many of our policies”—Senator Mark Warner (D, VA)
“The United States is increasingly being left behind in the global competition for high-value production and jobs. While this trend is lowering our standard of living, there are steps government can take to stem this decline, such as making STEM education a national priority and pursuing a 21st century growth agenda that acknowledges the important role that innovation plays. Innovation Economics is an important read for those of us concerned about our nation’s long-term economic challenges but optimistic about solutions to improve our future in our own time.”—Congressman Richard Hanna (R-NY)
“Innovation Economics offers the most pragmatic guideposts for American and global economic renewal today. I recommend it for every leader in or out of office.“—Calestous Juma, Harvard Kennedy School
“As a long-time analyst of the trends shaping the global economy, I am struck by the increasing number of economic and political leaders that do not grasp how serious the structural economic problems facing America are. I hope they read Innovation Economics. It “speaks truth power” with candor, reason and wit and offers fresh thinking and a path forward. Rob Atkinson and Stephen Ezell have been making important contributions and better ideas about economic policy for years. Their new book is eye-opening and alarming and arrives at a critical time.” —Lenny Mendonca, McKinsey & Company, McKinsey Global Institute
“Atkinson and Ezell provide the definitive guide to inno