Skilled immigration, fostering digital, answers to declining innovation

Written on
Feb 25, 2009 
Edward Barrera  |

digital_marketing_small.jpgADOTAS — Contrary to reports that the US is the global leader in innovation and competitiveness, a new study states the country’s competitive edge has dropped sharply over the last decade

The US ranked sixth overall among the 40 nations/regions, with a global competitiveness score of 63.9 that is 15 percent below the leader Singapore’s score of 73.4, according to the Information Technology and Innovation Foundation, a nonpartisan research group. Though the US still leads Europe. But the group found that all of the other countries and regions studied, all had made faster progress toward a new knowledge-based innovation economy in recent years than the United States.

“The trend is very troubling,” Robert D. Atkinson, president of the foundation, told the Times.

The foundation gave suggestions to fix the problem:

- Put in place incentives for firms to innovate within their borders.

- Be open to high-skill immigration.

- Foster a digital economy.

- Support the kinds of institutions that are critical to innovation.

- Ensure that regulations and other related government policies support, not retard, innovation.

– Express your opinion, comment below.

Edward is the former editor of Adotas.

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Before that, he was metro editor and city editor for the San Gabriel Valley Newspaper Group, where he was in charge of local news. Besides managing daily content, including multimedia, he oversaw investigative stories. He also led a team in revamping the group's website.

Before that, he was a reporter and blogger, covering business, politics and government for newspapers in New York and California.

Reader Comments.

US innovation has traditionally been in response to security threats or the high cost of labor. With defense spending stretched on operations and with everyone chasing cheap labor in Asia, its no wonder we are falling behind.

Posted by Joseph | 2:41 pm on February 25, 2009.

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