Matthew Keller, Southern Methodist University
Presentation summary
- US government has played and still plays large role in innovation economy
- Two trends in innovation
- “Networked” innovation/production among private firms
- Post 1980s: Increase of decentralized funding apparatus at the federal level
- US excels at innovative ideas but production moved to offshore
- ARRA effort to increase domestic production capacity
- Policy suggestions: build upon existing innovation strengths and redefine performance indicators to better measure the innovative climate