October 12, 2005
Running Time: 01:05:23
In a world where advanced knowledge is widespread and low-cost labor is readily available, U.S. advantages in the marketplace and in science and technology have begun to erode. A comprehensive and coordinated federal effort is urgently needed to bolster U.S. competitiveness and pre-eminence in these areas so that the nation will consistently gain from the opportunities offered by rapid globalization, according to a new report from the National Academies.
Norman Augustine, retired CEO, Lockheed Martin Corp.; Craig R. Barrett, chairman of the board, Intel Corp.; and P. Roy Vagelos, retired CEO, Merck & Co. Inc.