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Competitiveness

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The US leads in innovation, probably by a long shot. The buzz is that things are changing and that China, India, et al are about to change.

What to do, according to the Council on Competitiveness?

  • Improve science, engineering and mat education
  • Welcome skilled immigrants 
  • Beef up government spending on basic research
  • Offer tax incentive to spur US-based innovation.

At the same time (Economist, 2):

  • Remember that innovation comes from elites with access to information and capital AND ordinary people.
  • Allow government to be involved, but don't let it dominate
  • Free information
  • Foster human ingenuity.

Reference

The Economist. The Age of Mass Innovation. Economist. 15 October 2007.