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Extra resources for U.S. Competitiveness in Science and Technology
We’re all fat, dumb, The Implications of Globalization and the Rise of Other Nations in S&T 17 and happy, which is one reason why this is so insidious’” (Newman 2006). An oﬃcial statement from the National Summit on Competitiveness calls attention to “the resources that other countries are pouring into building their science and technology enterprises” (National Summit on Competitiveness, 2005). China and India are the most notorious examples of nations on the rise: “The major development since the mid-1990s was the rapid emergence of Asian economies outside of Japan as increasingly strong players in the world’s S&T system.
9 percent. 4 percent on average per year, respectively. 5 percent. 4 billion in 2003. This increase is more than in any other region: Over the same period, the EU-15 5 The European Union 15 (EU-15) consists of Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, The Netherlands, Portugal, Spain, Sweden, and the United Kingdom. S. 8 0 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 Year SOURCE: OECD (2006b, 2006c). NOTES: R&D expenditures are shown at PPP as percentage of world share for the period 1993 to 2003.
More legislation followed fast on the heels of the President’s speech. The Protecting America’s Competitive Edge (PACE) Act (109th Congress, S. 2197, 2006), introduced in January 2006, was a bipartisan Senate package with a ﬁrst bill focused on strengthening research in energy technology, a second intended to fortify K–12 math and science education, and a third to provide tax incentives to encourage research, development, and innovation. The Right Time to Reinvest in America’s Competitiveness and Knowledge (Right TRACK) Act (109th Congress, S.