States Must Adapt to Thrive in the 'New Economy'

Robert D. Atkinson June 24, 2014
June 24, 2014

In today's globalized, high-tech world, the strength of a state's economy is not based simply on having the lowest costs or providing more generous tax breaks. Rather, states that thrive in the "new economy" will need to foster a comprehensive innovation environment that spurs research and development, technology transfer, entrepreneurial development and the creation and retention of a highly skilled workforce.