Government R&D and Manufacturing Competitiveness

For the United States to regain its lost manufacturing prowess, it must dramatically increase government investment in research, development and technology transfer. The private sector cannot do this alone, as businesses have been shown to underinvest in new technologies, while foreign governments have invested significantly in their own manufacturing sectors. A focus on industrially relevant applied research can pay major dividends for the U.S. economy and help us compete in the increasingly globally race for innovation advantage.