Investing in U.S. innovation (from the National Summit on Competitiveness)
The National Summit on Competitiveness has one fundamental and urgent message: if trends in U.S. research and education continue, our nation will squander its economic leadership, and the result will be a lower standard of living for the American people.
Global conditions are changing. The competition is getting better at creating and deploying new knowledge. Information technologies are enabling the rapid diffusion of knowledge, know-how, and advanced manufacturing capacity. Talent, technology, and capital are available globally. In this new economic landscape, past performance is no guarantee of future success.
The good news is that America is able to meet these challenges from a position of economic strength. We have the resources in people, ideas, and financial strength to invest in a successful future. We will falter only if we are complacent.
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