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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.

Provides an outlook for productivity, wages and standard of living in the United States in the 21st century. Finding competitive advantage; Productivity model; Economies of depth and coordination; Policy for a learning economy; Modernizing public policy.