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Commerce Department: The Competitiveness and Innovative Capacity of the United States

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The Competitiveness and Innovative Capacity of the United States, January 2012

  • “Innovation is the key driver of competitiveness, wage and job growth, and long term economic growth. Therefore, one way to approach the question of how to improve the competitiveness of the United States is to look to the past and examine the factors that helped unleash the tremendous innovative potential of the private sector. Among these factors, three pillars have been key: Federal support for basic research, education, and infrastructure. Federally supported research laid the groundwork for the integrated circuit and the subsequent computer industry; the Internet; and advances in chemicals, agriculture, and medical science. Millions of workers can trace their industries and companies back to technological breakthroughs funded by the government. The U.S. educational system in the 20th century produced increasing numbers of high school and college graduates, more so than anywhere else in the world. These highly skilled workers, in turn, boosted innovation. The transformation of infrastructure in the 20th century was nothing short of amazing: the country became electrified, clean water became
    widely available, air transport became ubiquitous, and the interstate highway system was planned and constructed. All of these developments helped businesses compete by opening up markets and keeping costs low.”
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