1. Creating a National Innovation Foundation.
- Author
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Atkinson, Robert and Wial, Howard
- Subjects
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ECONOMIC development , *PRESIDENTIAL elections , *ECONOMIC history , *HOUSING market , *REAL estate business , *ECONOMIC indicators , *TECHNOLOGICAL innovations ,UNITED States economy, 2001-2009 - Abstract
The article discusses the issue on the economic growth in the U.S. Economic growth issue is one of the main public agenda in the fast approaching presidential election in November 2008. Policymakers develop alternative solutions that would help lessen the economic downturn and the collapse of the housing industry. Economists foresee that innovation is the primary key to sustain long-term economic growth. The country's federal policy agenda focuses on innovation through the form of the 2007 America COMPETES Act. The said law provides higher federal support for research and developments. The country has been recognized as one of the world leader in technological innovation and high-value-added production.
- Published
- 2008