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A New Look at American Competitiveness

Mark Marich

At a time of historic economic downturns, many American observers may console themselves that the American economy, despite its many challenges, still remains a global leader in entrepreneurship and innovation. After all, prestigious analysis like the World Economic Forum’s Global Competitiveness Report continue to rank the US as the world’s most innovative economy.

A new report, to be released this week by the Information Technology and Innovation Foundation (ITIF), warns that complacency about America’s innovation-based strengths may be a dangerous presumption.

The study, which compares the US innovation economy to 35 other nations, identifies major warning signs. In fact, the US is lagging other nations on a host of key innovation-related performance measures. If the US hopes to use its innovation and entrepreneurial capacity as one pathway out of the current recession, it cannot simply assume innovations will simply emerge out of thin air. Instead, the report recommends a new innovation agenda that will help the US revitalize its entrepreneurial heritage, rebuild key institutions, and spark the next generation of global innovators.

The report is being released Wednesday, February 25, from 9 - 11 am. Speaking will be: Robert Atkinson, president of ITIF; John Kao, author of Innovation Nation; and, Vivek Wadhwa, executive in residence/adjunct professor at the Pratt School of Engineering at Duke University.

If you plan to attend, be sure to RSVP.

*Note for all you Hill staffers: This event will be widely attended and complies with all new ethics rules.

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