Rising Above the Gathering Storm, Revisited Rapidly Approaching Category 5: Condensed Version (2011) / Chapter Skim
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THE GATHERING STORM, REVISITED: Rapidly Approaching Category 5 - Condensed Version
THE GATHERING STORM, REVISITED: Rapidly Approaching Category 5 - Condensed Version
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RISING ABOVE THE GATHERING STORM, REVISITED Rapidly Approaching Category 5 D SE N DE ION N CO ERS V By Members of the 2005 "Rising Above the Gathering Storm" Committee Prepared for the Presidents of the National Academy of Sciences, National Academy of Engineering, and Institute of Medicine
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is president of the O'Donnell tific affairs and a Distinguished Lilly Research Scholar for Foundation of Dallas, a private foundation that develops Infectious Diseases at Eli Lilly and Company. She is a for- and funds model programs designed to strengthen engimer member of the Food and Drug Administration Science neering and science education and research.
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program is scheduled to expire a few in 2005 prompted the National Academies to months into the current year. conduct a study of America's competitiveness in the The original Gathering Storm report focused on the abilnewly evolved global marketplace.
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Similarly, when scientists and engineers discovered how to increase the standard of living for most Americans. capacity of integrated circuits by a factor of one million The Gathering Storm report assessed America's position as they have in the past 40 years, it enabled entrepre with respect to each of the principal ingredients of innoneurs to replace tape recorders with iPods, paper maps vation and competitiveness -- Knowledge Capital, Human with GPS, pay phones with cell phones, two-dimensional Capital and the existence of a creative "Ecosystem." X-rays with three-dimensional CT scans, paperbacks with Numerous significant findings resulted -- for example, electronic books, slide rules with computers, and much, with regard to Knowledge Capital it was noted that fedmuch more.5 Further, the pace of creation of new knowl eral government funding of R&D as a fraction of GDP edge is seen by almost all measures to be accelerating.6 had declined by 60 percent in 40 years.9 With regard Importantly, leverage is at work here.
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Although progress has been made in certain areas such Addressing this issue requires that we improve public as launching the ARPA-E, the growth of our national debt K-12 STEM education and inspire these communities from $8 trillion to $13 trillion during the past five years about science and engineering. has diminished our latitude to confront challenges.13 Nonetheless, other nations facing corresponding chal- Finally, many other nations have been markedly prolenges are continuing to invest in competitiveness: Russia gressing, thereby affecting America's relative ability to is building an entire new high-tech city; the world's larg- compete effectively for new factories, research laboest private solar R&D facility has just been established in ratories, administrative centers -- and jobs.
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Mia, Global Information Technology Report 2009–2010: ICT for Sustainability, World Economic Forum, 2010. eWorld Economic Forum, The Global Information Technology Report 2009-2010, Available at: http://www.weforum.org/ node/48197.
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TABLE 2 A Tale of Two Countries, A and B: Why 77 Percent of Companies Say They Will Expand in Country B Representative Rapidly Consideration Established Country A* Developing Country B Multi-year tax holiday for Corporate Tax Rate Second highest in the world newly established facilities Assembly Labor Cost Approximately $20.00 per hour Approximately $1.50 per hour Fringe Benefits 35% of wage Zero -- paid by government Relative Number of Engineers for One Eight Fixed Cost Average Global Standing of High School Bottom 25% Top 10% Graduates Annual Domestic Market Growth Rate 3% 10% Ratio of Corporate Litigation Cost to Double Near zero Research Investments Government Regulation Extensive Minimal Tax on Repatriated Foreign Earnings Yes No Nineteen categories containing Export Controls Few hundreds of items Sanctity of Contracts High Less certain Predictability of Controls on Business Moderate to high Low to moderate *
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citizens minimum, maintaining the recently at U.S. institutions that offer special programs leading to core degrees in mathematics, science, doubled real spending levels in the or engineering accompanied by a teaching cerbiosciences)
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. • Establish an ARPA-E in the Department of Energy patterned after the highly successful DARPA • To permit accelerated handling of patent mat in the Department of Defense but focused on ters, adopt a "first-to-file" patent system and major breakthroughs in energy security.
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China has a $196 billion positive trade balance. 21 S. Singh, 3G, MNP to define 2011 telecom story, Times of The United States' balance is negative $379 India, December 23, 2010 (http://timesofindia.indiatimes.com/ business/india-business/3G-MNP-to-define-2011-telecom-story/ billion.
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current and former students have amassed $633 billion in student loan debt. To put things in perspective, the total federal investment in research in mathematics, the In 2008, 770,000 people worked in the United physical sciences and engineering each year States correction sector, a number which is is equal to the amount by which the nation's projected to grow.
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A man walks near solar energy panels on the top floor of the Theme Pavilion at the Shanghai Expo Site in Shanghai, China. The 30,000 square meters of solar energy panels sit on the top floor of the Theme Pavilion, which could generate 2.5 megawatts of electricity per hour on sunny days.
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. in today's integrated and digitized global market, where knowledge and innovation tools are so widely distributed.
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. we'll be buying most of our wind generators and photovoltaic panels from China." ARDEN BEMENT, former director, National Science Foundation "If the United States doesn't get its act together, DuPont is going to go to the countries that do." CHAD HOLLIDAY, Retired Chairman and CEO, DuPont Corporation "We educate the best and the brightest and then we don't give them a green card." MICHAEL BLOOMBERG, Mayor, New York City "If we're number one in technology, why do I have to call India for tech support?
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. ." United States Commission on National Security for the 21st Century, 2001 15
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