Is the U.S. Losing its Innovation Edge?

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What’s the prognosis for America’s innovation future?

That was the topic of an NBC Nightly News report this week that included interviews with MIT Sloan School Professor Edward Roberts and Paul Otellini, Intel’s president and CEO. In the newscast, Roberts made an interesting point about the state of innovation in the U.S.:

“Entrepreneurship is not our shortcoming,” Roberts said. “The shortcomings reside in the large firms who aren’t able to stay with it.”

Otellini, meanwhile, raised concerns that the U.S. is losing ground in its international competitiveness because of high corporate taxes and shortcomings in the American education system for math and science.

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Comment (1)
Jeff Thompson
I think the problem with American education system especially for math and science is that the U.S. education system is extremely liberal. American students decide to put only small efforts in studying science and mathematics and consequently the system is not helping to create tomorrow's scientist. And I don’t believe in the fact that the more engineers, mathematicians, scientists will naturally create better innovation. Why?  I have lived and worked in China and I can tell you that the education system there is based on memorization, top-down learning and book learning but look how China improved now.