Meeting Global Challenges German-U.S. Innovation Policy: Summary of a Symposium (2012) / Chapter Skim
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Keynote Address--Werner Hoyer
Keynote Address--Werner Hoyer
Pages 63-67
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From page 63... ...
Hoyer said that the importance of strong American-American relationships becomes clear from the economic relationship between the two nations. The United States is Germany's most important trading partner outside the EU, and likewise Germany is the top trading partner of the United States in Europe.
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From page 64... ...
The occasional divergence of views between the two nations on how to handle the crisis, he said -- such as the timing of fiscal consolidation -- had so far "served less as an irritant than as a catalyst for more meaningful exchange." The reason was that Germany and the United States agreed on the fundamental goal of promoting sound, market-driven economic policies in democratic and free societies. "We argue that the role of the state in our two societies is to set the framework for economic activity," he said, "and provide incentives for innovation." Ideas for innovations in both countries come from many directions, he said, including the universities, scientific organizations, think tanks, research institutes, and industry.
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From page 65... ...
With bilateral trade between EU and United States amounting to 15 and 20 percent of their respective trade volumes, and each being the other's paramount investment partner, the Transatlantic Economic Council can significantly facilitate trade, investment, and innovation at the same time. In regard to the need to strengthen Germany-U.S.
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From page 66... ...
"And this is going to be the hour of truth," he said, "because the dynamics of development in other parts of the world is overwhelming. If we do not meet these challenges, if we do not interest our young people science and technology, we are going to lose the technological leadership positions we still have." The United States remains the world's leading nation in science, technology, and innovation, he said, "and thus our preferred and most important partner in this field." The technological leadership of the United States continues to be built on the contribution of foreign-born scientists and engineers, both permanent immigrants and those who return to their homes.
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From page 67... ...
The United States and Germany are in a perfect position to lead the development of these markets. If we pool our resources and creativity, the breakthrough of renewable energies worldwide will make our world more secure, more affluent, will help the environment, and create thousands of new jobs in both our countries."
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