Weak education system threatens U.S. innovation, study says
14th Nov 2006, 18:21 GMT
The single greatest threat to American prosperity is the country's educational system, said Harvard Business School professor Michael Porter, co-author of a new economic report released by the Council on Competitiveness. The report, "Competitiveness Index: Where America Stands," measures two decades of U.S. economic data against emerging global economies. Porter said the United States is pre-eminent in almost every measure of innovation, including domestic research and development spending, "but we are no longer the only game in town." Contrary to popular belief, domestic R&D investments by multinational corporations are rising just as fast as foreign R&D investments, he said. The index analyzes how changes in technology, demographics and the economic policies of many countries have affected the playing field on which Americans must now compete to prosper in the 21st century. The exceptions to the U.S. stranglehold on competitiveness are apparent in the number of scientific publications and new doctorates conferred in science and engineering, according to the report, which was issued today...
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