Restoring America’s Economic Health and Global Competitiveness: A Long-Term Strategy for Growth Through Innovation
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.
"There needs to be substantial follow along investment from the supply chain. This is a significant gamble. For [Wisconsin's state investment in Foxconn] to pay off, you need to build not just one company … you need to build a number of smaller and medium-sized companies."