OECD Report: US Losing Its Edge In Innovation

IndustryWeek (6/27, Cable) reports, "The United States is losing its edge in innovation, and needs to implement strong pro-innovation policies as well as education reform 'to maintain its status as the world's most vibrant and productive economy.'" That is "the conclusion of the latest 'Economic Survey of the United States' by the Organization for Economic Cooperation and Development, or OECD, which asserts that 'fissures have begun to appear' in US innovation." Among the recommendations in the "report, the organization asserts that 'reductions in the federal R&D budget should be as limited as possible.'" The report "also urges federal policymakers to build on the America Invents Act 'by ensuring that the legal standards for granting injunctive relief and damages awards for patent infringement reflect realistic business practices and the relative contributions of patented components of complex products.'"