Fighting Short-Termism

Good morning.

The Aspen Institute this morning is releasing a set of recommendations for encouraging long-term economic growth (click here for the report), and combatting what it calls "short-termism." Top of the list are measures to increase investment in infrastructure, education, and research and development. The report cites OECD numbers showing the U.S. now ranks only 10th in the world in R&D spending, and China is set to surpass the U.S. in basic science research investment by 2019.

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