A strategy for economic development

How can the U.S. recover from the current prolonged bout of unemployment and generate many good, sustainable jobs in a relentlessly globalizing economy? It’s a question Rockefeller Institute Director Thomas Gais asks in a new commentary. He suggests the country’s future success will depend upon building on its economic strengths, which include an entrepreneurial culture, the excellence of its higher education institutions and its regional diversity. These strengths can be combined to great effect, Gais writes, as recent Institute studies of the State University of New York and other institutions have shown.
We must exploit and expand upon universities’ role as the engines of innovation in an economy increasingly reliant on knowledge, Gais writes in “A Home-Grown Strategy for Economic Growth.” Read his commentary on the Institute’s Web site.