Firms often underinvest in research and development (R&D) when there is no government intervention. There are many uncertainties and risks that discourage firms from investing in R&D, which slows the pace of innovation. To address this problem, governments can... More »
A new study confirms a resurgence of the US manufacturing industry in the last five years, primarily driven by a reduction in labor costs, depreciation of the US dollar, and reduction in domestic energy prices. More »
Kei Koizumi from the White House Office of Science and Technology Policy discusses how his office thinks about R&D funding in a time of budget cuts and economic uncertainty. More »