[Download] "Creating a National Innovation Foundation: In This Blueprint, The Foundation Would Build on the Few Federal Programs That Already Promote Innovation and Borrow the Best Public Policy Ideas from Other Nations (Innovation)" by Issues in Science and Technology # Book PDF Kindle ePub Free
eBook details
- Title: Creating a National Innovation Foundation: In This Blueprint, The Foundation Would Build on the Few Federal Programs That Already Promote Innovation and Borrow the Best Public Policy Ideas from Other Nations (Innovation)
- Author : Issues in Science and Technology
- Release Date : January 22, 2008
- Genre: Engineering,Books,Professional & Technical,
- Pages : * pages
- Size : 239 KB
Description
The issue of economic growth is on the public agenda in this election year in a way that it has not been for at least 15 years. Policymakers have thus far been preoccupied with providing a short-term economic stimulus to counteract the economic downturn that has followed the collapse of the housing bubble. Yet the problem of how to restart and sustain robust growth goes well beyond short-term stimulus. The nation needs a firm foundation for long-term growth. But as of yet, there has been no serious public debate about how to create one. At best, there has been a rehash of 1990s debates about whether tax cuts or lower federal budget deficits are the better way to increase saving and (it is often assumed) stimulate growth. A growing number of economists have come to see that innovation--not more saving--is the key to sustained long-term economic growth. Some economists have found that R&D accounts for nearly half of U.S. economic growth, and that R&D's rate of return to the United States as a whole is as high as 30%. But R&D is not all there is to innovation. Properly conceived, innovation encompasses new products, new processes, and new ways of organizing production, along with the diffusion of new products, technologies, and organizational forms throughout the economy to firms and even entire industries that are not making effective use of leading technologies or organizational practices. Innovation is fundamentally about applying new ideas in organizations (businesses, nonprofits, and governments), not just about creating those ideas.