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Analysis

(USA) If the U.S. government is going to develop more effective policies to spur competitiveness, growth, and opportunity it will need to support better data collection, particularly on firms, industries, and technologies

Robert D. Atkinson writes for ITIF: With the rise of China and other robust economic competitors, the United States needs a more coherent national advanced technology strategy. Effectively crafting and implementing such a strategy requires the right kind of economic data. In part because of years of budget cuts to federal economic data agencies, coupled with a long-standing disregard of the need for sectoral and firm-level economic data to inform an industrial strategy, the federal government is severely lacking in the kinds of data needed.

see the ITIF’s website: Federal Statistical Needs for a National Advanced Industry and Technology Strategy | ITIF