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.