Washington DC - According to Robert D. Atkinson, Daniel Castro, Joseph V. Coniglio and Stephen Ezell of ITIF, "The next administration needs to place innovation, productivity, and competitiveness at the core of its economic policy. To that end, this report offers a comprehensive techno-economic agenda with 82 actionable policy recommendations."
Given America’s poor productivity growth, a deep hollowing out of its advanced technology manufacturing sectors (especially to China), and anemic application of innovation across all sectors of the economy, the United States is in desperate need of a robust techno-economic policy agenda. And this can only happen with presidential leadership and initiative. Both major party candidates want to strengthen America’s economy; however, neither Bidenomics (which emphasizes public spending, growing the middle class through redistribution, advancing equity, deconcentrating markets, and driving the “green” transition) nor the “America First” agenda (which emphasizes smaller government, an unease with “Big Tech,” deregulation, and higher tariffs) will do the job. And while recent policy initiatives, such as the CHIPS and Science Act, are steps in the right direction, they don’t go nearly far enough.
Given America’s increasingly polarized politics and ideological policy debates, the choice of who occupies the White House after inauguration day 2025 will have significant implications for the direction of a host of public policy areas. However, regardless of who the next president is, we believe they should make re-establishing unparalleled U.S. national techno-economic power and constraints on China’s techno-economic advancement their top goal. This means putting in place an array of policies to support faster productivity growth, a significantly more robust pace of innovation and innovation adoption, and a much larger U.S. share of global advanced-industry production. The Information Technology and Innovation Foundation (ITIF) is releasing this techno-economic policy agenda to help the next administration advance that effort. The agenda is organized around an overall strategy plus 12 key policy areas—82 specific policy recommendations in all—for the administration to both operationalize and urge Congress to enact.
For the report:
https://itif.org/publications/2024/06/10/a-techno-economic-agenda-for-the-next-administration/?utm_source=SSTI+Weekly+Digest&utm_campaign=cf45c456e8-EMAIL_CAMPAIGN_2024_06_27_02_25&utm_medium=email&utm_term=0_-cf45c456e8-%5BLIST_EMAIL_ID%5D
Given America’s increasingly polarized politics and ideological policy debates, the choice of who occupies the White House after inauguration day 2025 will have significant implications for the direction of a host of public policy areas. However, regardless of who the next president is, we believe they should make re-establishing unparalleled U.S. national techno-economic power and constraints on China’s techno-economic advancement their top goal. This means putting in place an array of policies to support faster productivity growth, a significantly more robust pace of innovation and innovation adoption, and a much larger U.S. share of global advanced-industry production. The Information Technology and Innovation Foundation (ITIF) is releasing this techno-economic policy agenda to help the next administration advance that effort. The agenda is organized around an overall strategy plus 12 key policy areas—82 specific policy recommendations in all—for the administration to both operationalize and urge Congress to enact.
For the report:
https://itif.org/publications/2024/06/10/a-techno-economic-agenda-for-the-next-administration/?utm_source=SSTI+Weekly+Digest&utm_campaign=cf45c456e8-EMAIL_CAMPAIGN_2024_06_27_02_25&utm_medium=email&utm_term=0_-cf45c456e8-%5BLIST_EMAIL_ID%5D
