The United States has entered an era of long-term competition with revisionist powers. A key aspect of this competition will revolve around a contest for technological superiority waged between the national innovation bases of the respective competitors. The outcome of this competition will determine not just American national security but also how the nations of the world interact—and whether a free and open political and economic system will remain the foundation of those interactions.
The Reagan Institute is calling on the US government to undertake a comprehensive effort to strengthen the national security industrial base, with recommendations ranging from creating an interagency “National Security Innovation Committee” for coordinating financial support to establishing a “STEM Corps” to give students free tuition if they enter the natsec work force.
Technology jobs and the economic prosperity they bring are being concentrated in fewer US cities, according to a new report from The Brookings Institution and the Information Technology and Innovation Foundation.
Is American innovation sputtering? The data suggests so: Productivity growth in the United States, which is powered by innovation, has been decelerating. Total factor productivity grew substantially in the middle of the 20th century, but started slowing in 1970. This slow growth continues today, with productivity lower than it was more than 100 years ago.
Nielsen (NYSE: NLSN) Global Connect released its highly anticipated Top 25 Breakthrough Innovation winners for 2019. For close to a decade, this list has been the gold standard in recognizing innovation and global success within the consumer packaged goods (CPG) space.
Decades of innovation -- driven almost entirely by DoD and the Defense Industrial Base -- have kept the United States at the forefront of modern military capability. Now, however, it is the commercial sector that is defining the leading edge of technology and innovation. In this information-driven era, the military's conventional models of creating and metabolizing innovation are no longer optimal.
“While we must effectively respond to China and others looking to do us harm, we must avoid inadvertently undermining the very policies which made us the leader in turning government funded R&D into cutting edge products. Unfortunately, the initial bureaucratic response is not reassuring on that score.”
This past summer, Oxford University was again ranked as the topmost university in the world, according to an article in The Wall Street Journal. While the article dutifully numbered the top universities across the globe, one seemingly small statistic stood out (at least to me). “For the first time, China is now spending more money [on higher education] than any other nation...”
The next great naval innovation is here, represented by the next generation of aircraft carriers now entering the fleet - the Ford-class. The Ford-class carriers are larger, more efficient, and more powerful. The technology advancements implemented on these new carriers translates not only into greater capability, but also significant cost savings over the 50+ years of each carrier’s service life.
China’s economic performance over the past 40 years has been nothing short of miraculous. In 1978, when Deng Xiao-ping became chairman of the Chinese Communist Party, or CCP, China’s GDP was about $150 billion in constant US dollars, according to the World Bank. Last year, 40 years after the transformation Deng initiated in China, its GDP in constant US dollars had soared to over $13 trillion dollars, a rate of growth of roughly 10% a year. In recent years, this growth rate has slowed to around 6%, but the overall rise of China’s economy has been simply astonishing.