About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline
LOG IN
LOG IN

663 Annals Am. Acad. Pol. & Soc. Sci. 8 (2016)

handle is hein.cow/anamacp0663 and id is 1 raw text is: What Drives American Competitiveness? By REBECCA M. BLANK As productivity growth has slowed and wages have stag- nated in the past decade, there is serious concern about the long-term competitiveness of the U.S. economy. This article discusses key factors that affect U.S. eco- nomic growth, including the number of workers, their skill level, and the level of innovation and investment in new ideas. There are limited prospects for growth in the number of workers, due to changes in age distribu- tion, immigration, and women's labor force participa- tion. There has been a slow increase in worker skills in the United States, and there are opportunities for fur- ther growth in educational attainment. The role of innovation in developing new products and services that improve our wellbeing and drive productivity growth is a key driver of long-term growth, which means that the United States needs to stay at the front edge of basic and translational research. In recent dec- ades, the preeminent U.S. position in the world econ- omy has eroded as other countries have outstripped the United States in the growth of their educated work- force. At the same time, other countries have greatly increased their investments in basic research and inno- vation while U.S. investments have stalled. If the United States is to retain its long-term economic lead- ership, it must pay attention to policies that will enhance skills and innovation. The large public research university-an institution largely invented in the United States-has a key role to play. Keywords: economy; economic growth; competitive- ness; labor force; productivity; innovation Senator Daniel Patrick Moynihan, the name- sake of the award I am honored to receive, was a distinguished public servant, presidential advisor, ambassador, and senator. He was a Rebecca M. Blank is chancellor of the University of Wisconsin-Madison. An economist by training, she has served on the faculty of Princeton University, Northwestern University, and was dean of the Gerald R. Ford School of Public Policy at the University of Michigan. In the public policy realm, she was a member of President Clinton's Council of Economic Advisers and sered as Under Secretary of Economic Affairs, Depulty Secretary, and Acting Secretary of the U.S. Doepartmnt of Commerce under President Obama. Correspondence: chancellor@news.wisc.edu DOI: 10.1177/0002716215600686 ANNALS, AAPSS, 663, January 2016 fl

What Is HeinOnline?

HeinOnline is a subscription-based resource containing thousands of academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.



Short-term subscription options include 24 hours, 48 hours, or 1 week to HeinOnline.

Purchase Access

Contact us for annual subscription options:

Contact Us

Already a HeinOnline Subscriber?

Log In

profiles profiles most