May 25

Past Event

Restoring America’s Economic Health and Global Competitiveness: A Long-Term Strategy for Growth Through Innovation

Event Materials



  • Boost Exports

    Bruce Katz: America needs to boost its exports and innovate more in order to increase the use of our goods and services.

    Bruce Katz

  • Martin Baily: The economy is still fragile, so a sharp fiscal consolidation would be a mistake. The U.S. does have the capacity to continue borrowing this year and maybe next, but we don''t want to push the limit.

    Martin Neil Baily

  • Reform Our Government

    Darrell West: We need to reform our government so that it performs faster, smarter and more efficiently; new technology can help achieve that goal.

    Darrell M. West

  • Private Sector Confidence Can Spur Growth

    Hon. Mark Warner, United States Senate: If we instill confidence in the private sector about our debt and deficit plan, we could free up trillions of dollars in corporate capital to help create jobs and spur growth.

  • America Can't Default on Debt

    Glenn Hutchins, Co-Chief Executive, Silver Lake: America simply can’t default on its debt. It would be foolish and it would invite an adverse reaction from the market: it would be a catastrophic risk to the country.


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Innovation in the public and private sectors is key to long-term U.S. prosperity and economic competitiveness. Yet innovation in the United States today is at risk of stalling, just when the U.S. economy is slowly recovering from a deep recession and international competition is rising.

On May 25, the Brookings Institution hosted Senator Mark Warner (D-Va.) for a discussion on how to bring our debt and deficits under control, while investing in the recovery, restoring America's economic health and strengthening the nation's global competitiveness. Brookings Senior Fellows Bruce Katz, Darrell West and Martin Baily released a new “innovation agenda” of ideas for coordination among the public and private sectors to foster an economy driven by innovation, exports, opportunity and clean energy.

After the program, speakers took audience questions.

Event Agenda


May 25, 2011

12:00 PM - 2:00 PM EDT

The Brookings Institution

Falk Auditorium

1775 Massachusetts Ave., NW


For More Information

Brookings Office of Communications

(202) 797-6105