atlantic century ii: benchmarking eu & u.s. … century ii: benchmarking eu & u.s....
TRANSCRIPT
July 19, 2011
Atlantic Century II: Benchmarking EU & U.S. Innovation and Competitiveness
Rob Atkinson, President, ITIF
The Study: compared innovation-based competiveness of 40 nations and regions.
16 indicators: including corp. R&D, government R&D, scientists and engineers, new firms, corp. tax, productivity growth and others.
The Atlantic Century I
1. China2. Singapore3. Estonia4. Denmark 5. Luxembourg6. Slovenia7. Russia8. Lithuania9. Cyprus10. Japan11. Hungary12. Slovakia13. Czech Republic14. India
15.Latvia16.Austria17.S. Korea18.Ireland 19.EU-1020.Spain21.Sweden22.France23.Portugal24.Malta25.Belgium26.EU-2527.Poland
This was the story: in rate of progress from 1999, the U.S. was behind….
28.UK29.EU-1530.Mexico31.Netherlands32.Australia33.Finland34.Canada35.Germany36.Italy37.NAFTA38.Greece39.Brazil40.United States
The Study: compares innovation-based competiveness of 44 nations and regions. (Added Argentina, Chile, Malaysia, Indonesia, South Africa and Turkey and subtracted Luxemburg and Malta)
16 indicators: including corporate and government R&D, scientists and engineers, new firms, corp. tax, productivity growth and others.
The Atlantic Century II
Overall Score: U.S. is 4th (unchanged)
5
0.0
10.0
20.0
30.0
40.0
50.0
60.0
70.0
80.0
Sin
gapo
reFi
nlan
dS
wed
enU
.S.
S. K
orea UK
Can
ada
Den
mar
kN
AFT
AN
ethe
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pan
Aus
tral
ia
Bel
gium
Fran
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elan
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erm
any
Aus
tria
EU
-15
EU
-25
Cze
ch R
ep.
Est
onia
Hun
gary
Spa
inS
love
nia
Por
tuga
lS
lova
kia
EU
-10
Latv
ia
Rus
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It
aly
Mal
aysi
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thua
nia
Chi
le
Chi
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ypru
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olan
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razi
l Tu
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ico
Sou
th A
fric
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done
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Overall Change Score (1999-2011): U.S. is 43rd
6
0.0
5.0
10.0
15.0
20.0
25.0Chi
naS. K
orea
Cyp
rus
Slo
veni
aEst
onia
Cze
ch R
ep.
Latv
ia
Sin
gapo
reEU
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Por
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nia
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aAus
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Chi
le
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Japa
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and
EU
-25
Net
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NAFT
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Overall Change Score (2009-2011): U.S. is 27th
7
0.0
2.0
4.0
6.0
8.0
10.0
12.0
14.0
16.0
18.0
20.0Por
tuga
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But Some U.S. States Lead the World
8
0.0
10.0
20.0
30.0
40.0
50.0
60.0
70.0
Mas
sach
uset
ts
Cal
ifor
nia
Con
nect
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New
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Was
hing
ton
Del
awar
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Mar
ylan
d
Col
orad
o
New
Ham
pshi
re
Finl
and
Education (college-aged pop. with tertiary degree)
9
0.0%
10.0%
20.0%
30.0%
40.0%
50.0%
60.0%
70.0%S. K
orea
Can
ada
Rus
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Japa
nIr
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Bel
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Lith
uani
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Net
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Finl
and
Sin
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Pol
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Gre
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Ger
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Education Change (1999-2008)
10
0.0%
20.0%
40.0%
60.0%
80.0%
100.0%
120.0%
140.0%
160.0%
180.0%Pol
and
EU
-10
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ece
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and
Researchers, per 1,000 employed
11
0
2
4
6
8
10
12
14
16
18Fi
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Researchers Change (1999-2008)
12
-50%
0%
50%
100%
150%
200%
250%
300%
350%M
alay
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Cyp
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Turk
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man
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and
Lith
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Business R&D (% of GDP)
13
0.0%
0.5%
1.0%
1.5%
2.0%
2.5%
3.0%Ja
pan
Finl
and
S. K
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any
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Business R&D Change(1999-2008)
14
-50%
0%
50%
100%
150%
200%
250%
300%Chi
le
Chi
naEst
onia
Latv
ia
Cyp
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Mex
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Aus
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and
Pol
and
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vaki
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Government R&D (% of GDP)
15
0.0%
0.2%
0.4%
0.6%
0.8%
1.0%
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tria
Finl
and
Sin
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Government R&D Change(1999-2008)
16
-40%
-20%
0%
20%
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rus
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and
Spa
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razi
l La
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man
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Venture Capital (% GDP)
17
0.00%
0.05%
0.10%
0.15%
0.20%
0.25%
0.30%Sin
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nlan
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Den
mar
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Venture Capital Change (1999-2008)
18
-100%
-50%
0%
50%
100%
150%
200%Ja
pan
Cze
ch R
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Hun
gary
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mar
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man
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New Firms (per 1,000 workers)
19
0
1
2
3
4
5
6
7
8
9Est
onia
UK
Can
ada
Sin
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New Firms Change (2005-2009)
20
-60%
-40%
-20%
0%
20%
40%
60%
80%
100%
120%In
dia
Hun
gary
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and
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mar
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Broadband (Quality and Subscription)
21
0.0
2.0
4.0
6.0
8.0
10.0
12.0S. K
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Japa
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Broadband Change (2002-2009)
22
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
30.0%
35.0%D
enm
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IT Investments (% of GDP)
23
3%
4%
5%
6%
7%
8%
9%Cze
ch R
ep.
Slo
vaki
a S. K
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Chi
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KH
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IT investments, Change (2003-2010)
24
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60%In
done
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Aus
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Effective Corporate Tax Rates
25
0%
5%
10%
15%
20%
25%
30%
35%
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45%
50%La
tvia
H
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Turk
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Ease of Doing Business
26
-30
-25
-20
-15
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-5
0
5
10
15
20Sin
gapo
re UK
Aus
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Ease of Doing Business Change (2005-2010)
27
-6.0
-4.0
-2.0
0.0
2.0
4.0
6.0
8.0Chi
naIn
done
sia
Cze
ch R
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ia
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Foreign Direct Investment (% of GDP)
28
0%2%4%6%8%
10%12%14%16%18%20%
Hun
gary
Cyp
rus
Chi
le
Est
onia
Sin
gapo
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So What’s America’s Future?
Buffalo?
Or Boston?
So What’s Europe’s Future?
Rome?
Or Helsinki
Becoming “Boston” and “Helsinki” Means:
1) For Europe and America, establish a “Trans-Atlantic Partnership” to form a united front against innovation-based mercantilism in the rest of the world.
40
Becoming “Boston” and “Helsinki” Means:
1) For Europe and America, establish a “Trans-Atlantic Partnership” to form a united front against innovation-based mercantilism in the rest of the world.
2) For Europe, embrace the “creative destruction” of innovation.
41
Becoming “Boston” and “Helsinki” Means:
1) For Europe and America, establish a “Trans-Atlantic Partnership” to form a united front against innovation-based mercantilism in the rest of the world.
2) For Europe, embrace the “creative destruction” of innovation.
3) For America, wake up to the fact that we are no longer the leader and need an aggressive national innovation and competitiveness strategy.
42
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