Thank you Senator Ensign and Committee Chairman Stevens for holding this hearing to discuss building a new century of American prosperity by spurring a new wave of American innovation.
From the Franklin stove to the personal computer, Americans have a strong history of innovation. But we face new challenges. We live in a global age where competition can come as easily from across an ocean as across the street. We got a wake up call earlier this year about how tough today`s challenges are when the Organization for Economic Cooperation and Development (OECD) announced that China had overtaken the United States as the world`s largest exporter of high-tech products – shipping $180 billion worth of high-tech goods worldwide last year, versus $149 billion for the U.S.
If this continues, the global high-tech centers could shift from America to China, and with them the high-skill, high-paying jobs that are key to the innovation economy will be lost as well.
To read the full, original article click on this link: INNOVATION AND COMPETITIVENESS : It should be useful
Author: Statement of Senator Joe Lieberman
