National Economic Council (of the USA) Innovation Agenda
The National Economic Council of the USA makes several recommendations for spurring US innovation, as reported in the New York Times today by David Brooks (7 Dec 2009).
The most relevant to this blog are recomendations
2. …, pay for basic research. Federal research money has been astonishingly productive, leading to DNA sequencing, semiconductors, lasers and many other technologies. Yet this financing has slipped, especially in physics, math and engineering. Overall research-and-development funding has slipped, too. The U.S. should aim to spend 3 percent of G.D.P. on research, as it did in the 1960s.
6…, loosen the so-called H-1B visa quotas to attract skilled immigrants.
7…, encourage regional innovation clusters. Innovation doesn’t happen at the national level. It happens within hot spots — places where hordes of entrepreneurs gather to compete, meet face to face, pollinate ideas. Regional authorities can’t innovate themselves, but they can encourage those who do to cluster.
Full article is here: http://www.nytimes.com/2009/12/08/opinion/08brooks.html?_r=1&ref=opinion