Congress should create a U.S. Economic Competitiveness Commission to provide an independent assessment of U.S. competitiveness in traded sectors, including but not limited to manufacturing.

To Do: Create a U.S. Economic Competitiveness Commission

The United States needs to implement a comprehensive national traded sector competitiveness strategy organized around the “4Ts” of technology, tax, trade, and talent, as well as access to capital and regulatory reform, in order to bolster the ability of its traded sector firms to compete effectively in global markets.

Fifty Ways to Leave Your Competitiveness Woes Behind: A National Traded-Sector Competitiveness Strategy

Congress or the White House should create a national industrial intelligence unit within the National Intelligence Council to better assess competitive challenges to the U.S. economy.

To Do: Create a National Industrial Intelligence Unit

ITIF Report Details 50 Policies to Bolster U.S. “Traded Sector” Competitiveness

For the United States economy to thrive, its traded sectors, especially advanced manufacturing, must be globally competitive.

Fifty Ways to Leave Your Competitiveness Woes Behind: A National Traded Sector Competitiveness Strategy

The White House or Congress should require OMB’s Office of Information and Regulatory Affairs to review any new, nontrivial regulations to assess their impact on first-order competitiveness, placing the highest priority on reforming regulations that negatively affect traded sectors.

To Do: Require OIRA to Incorporate a “Competitiveness Screen” in Regulatory Reviews

To Do: Require OIRA to Incorporate a "Competitiveness Screen" in Regulatory Reviews

The administration should establish a National Competitiveness Council to formulate and coordinate advanced-industry competitiveness policy across the federal enterprise.

To Do: Establish a National Competitiveness Council

Congress should direct NSF to establish stronger university entrepreneurship metrics and use them to provide stronger incentives for commercializing research.

To Do: Direct NSF to Establish Stronger University Entrepreneurship Metrics

Congress and the administration should establish a National Advanced Industry and Technology Agency to ensure the United States can compete effectively with China.

To Do: Create a Traded-Sector Analysis Unit Within the Federal Government

Recommendation

Details

Editors’ Recommendations

Fifty Ways to Leave Your Competitiveness Woes Behind: A National Traded-Sector Competitiveness Strategy

Related

To Do: Create a U.S. Economic Competitiveness Commission

Fifty Ways to Leave Your Competitiveness Woes Behind: A National Traded-Sector Competitiveness Strategy

To Do: Create a National Industrial Intelligence Unit