How to advance growth through innovation?
What new practices and
mechanisms will help prevent another economic downturn from turning
into a financial panic that could become a truly global meltdown? What
changes in the public and private sectors will build the workforce and
infrastructure required for a global information-based economy? What
will it take to put fiscal, monetary, and regulatory policy on a sustainable
footing? What will it take to reform health care without incurring costs
that will crush long-term economic growth? How does a nation create jobs
for its own citizens in a globalized economy?
In addressing these and other questions, we will explore ways to improve
the fiscal, monetary, financial and regulatory components of a sound and
sustainable economy. We will strengthen our research and recommendations
with regard to human capital, with emphasis on health, education,
and worker mobility and the contributions that those factors make to
growth. We will also look for ways to promote effective investments in
physical infrastructure—rails, roads, ports and bridges, electricity grids,
and telecommunications. Finally, we will make recommendations on how
to take advantage of America’s position in an open, rules-based global
trade and financial system in a way that promotes economic growth in the
U.S. and abroad.