Back to Basic Research: An R&D Investment Plan to Enhance US Competitiveness

The US remains the global leader in total R&D spending, yet its lead in advancing science and technology is being challenged by countries like China, and its international competitiveness is waning. One primary reason is that the federal government’s contribution to basic research has been declining steadily for decades and has increasingly shifted toward private business.

However, the private sector cannot be left to fill in the gaps left by the federal government. Policymakers can make bolder, riskier investments that deliver breakthroughs in general purpose science and technologies that, in turn, can increase American innovation and competitiveness. Substantial research activities and a specialized workforce will be fundamental if the US wants to return to being the uncontested leader in science and engineering.

As an attendee of this webcast, you will learn:

  • Trends in both the national composition and global structure of R&D expenditure
  • The role of public-private partnerships in fostering the creation of new technologies
  • How racial and geographic equity can be an integral part of public investment decisions in R&D
  • Insights and solutions for advancing technological progress and fortifying US competitiveness

Who Should Attend: Business executives and public policy leaders who are seeking to learn more about trends in R&D and the role of basic research expenditures in spurring innovation and economic growth.

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Elizabeth Crofoot Ramon Benet Reece Kurtenbach Farnam Jahanian Mark Muro
Back to Basic Research: An R&D Investment Plan to Enhance US Competitiveness
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Back to Basic Research: An R&D Investment Plan to Enhance US Competitiveness

NOVEMBER 18, 2021

The US remains the global leader in total R&D spending, yet its lead in advancing science and technology is being challenged by countries like China, and its international competitiveness is waning. One primary reason is that the federal government’s contribution to basic research has been declining steadily for decades and has increasingly shifted toward private business.

However, the private sector cannot be left to fill in the gaps left by the federal government. Policymakers can make bolder, riskier investments that deliver breakthroughs in general purpose science and technologies that, in turn, can increase American innovation and competitiveness. Substantial research activities and a specialized workforce will be fundamental if the US wants to return to being the uncontested leader in science and engineering.

As an attendee of this webcast, you will learn:

  • Trends in both the national composition and global structure of R&D expenditure
  • The role of public-private partnerships in fostering the creation of new technologies
  • How racial and geographic equity can be an integral part of public investment decisions in R&D
  • Insights and solutions for advancing technological progress and fortifying US competitiveness

Who Should Attend: Business executives and public policy leaders who are seeking to learn more about trends in R&D and the role of basic research expenditures in spurring innovation and economic growth.

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