Innovation America Innovation America Accelerating the growth of the GLOBAL entrepreneurial innovation economy
Founded by Rich Bendis

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