In a world where seemingly every nation is scrambling to bolster innovation and entrepreneurship, how can the U.S. strengthen its competitiveness? According to a new report from the Department of Commerce, the formula is simple and based on looking at the country’s track record for promoting innovation—increased government funding for research, education and infrastructure. It argues that “failures to properly invest in, and have comprehensive strategies for” those three pillars are responsible for the shrinking gap between the US and other nations.
