U.S. Competitiveness Shows Signs Of Strain, Report Says

Jan. 13, 2005
Compiled By Deborah Austin The foundation of U.S. competitiveness has developed serious cracks despite the past decade's economic boom, says U.S. Competitiveness 2001: Strengths, Vulnerabilities and Long-term Priorities, a new report issued by the ...
Compiled ByDeborah Austin The foundation of U.S. competitiveness has developed serious cracks despite the past decade's economic boom, says U.S. Competitiveness 2001: Strengths, Vulnerabilities and Long-term Priorities, a new report issued by the Council on Competitiveness. The report explores innovation's role as a source of competitive advantage and a driver of productivity and growth. As a share of national wealth, it shows, public research-and-innovation investment has fallen. And the supply of scientists, engineers, and technicians is growing abroad but declining in the U.S. Sustaining such investment is "critical to maintaining our economic competitiveness and standard of living," says Raymond Gilmartin, Council chairman and CEO of Merck & Co. Inc. The report pinpoints long-term policy priorities in three areas: maintaining world leadership in science and technology, boosting overall workforce skills, and strengthening regional clusters of innovation. The Washington, D.C.-based Council is a non-partisan forum of corporate chief executives, university presidents, and labor leaders, creating a national agenda to strengthen U.S. competitiveness.

Popular Sponsored Recommendations

Empowering the Modern Workforce: The Power of Connected Worker Technologies

March 1, 2024
Explore real-world strategies to boost worker safety, collaboration, training, and productivity in manufacturing. Emphasizing Industry 4.0, we'll discuss digitalization and automation...

3 Best Practices to Create a Product-Centric Competitive Advantage with PRO.FILE PLM

Jan. 25, 2024
Gain insight on best practices and strategies you need to accelerate engineering change management and reduce time to market. Register now for your opportunity to accelerate your...

Transformative Capabilities for XaaS Models in Manufacturing

Feb. 14, 2024
The manufacturing sector is undergoing a pivotal shift toward "servitization," or enhancing product offerings with services and embracing a subscription model. This transition...

Shifting Your Business from Products to Service-Based Business Models: Generating Predictable Revenues

Oct. 27, 2023
Executive summary on a recent IndustryWeek-hosted webinar sponsored by SAP

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!