Acting U.S. Commerce Secretary Rebecca Blank sounded the alarm at the lagging innovation seen within the United States, citing evidence that R&D spending and initiatives have sunk to the lowest levels in decades.
Speaking at the Third Annual Innovation Luncheon of the Global Women’s Innovation Network, Blank first gave the bad news: “The current federal share of research spending is half what it was in the Eisenhower administration,” and, today, “America ranks 14th in the world in terms of the percentage of college graduates we produce. We used to be number one.” As if that wasn’t enough, “The World Economic Forum now ranks our infrastructure 24th. We used to be in the top 10.”
To read the full, original article click on this link: 4 steps needed now to remedy innovation deficit: US commerce secretary | SmartPlanet
