National Academies Press: OpenBook

Safeguarding the Bioeconomy (2020)

Chapter: Part IV: Strategies for Safeguarding the U.S. Bioeconomy

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Suggested Citation:"Part IV: Strategies for Safeguarding the U.S. Bioeconomy." National Academies of Sciences, Engineering, and Medicine. 2020. Safeguarding the Bioeconomy. Washington, DC: The National Academies Press. doi: 10.17226/25525.
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Page 228

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Part IV Strategies for Safeguarding the U.S. Bioeconomy The final part of the report builds on the preceding three parts to synthesize and present the committee’s overall conclusions and recommendations, for which context and the committee’s rationale are provided. After examining the definition and landscape of the bioeconomy, evaluating metrics for its measurement, identifying methods for horizon scanning, and enumerating the associated economic and national security risks and policy gaps, the committee reached a number of overarching conclusions. These conclusions led the committee to provide recommendations targeted to the federal government, policy makers, and all bioeconomy stakeholders (i.e., all the individual researchers, institutions, companies, agencies, and relevant persons associated with the life sciences research enterprise). 228 Prepublication Copy

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Research and innovation in the life sciences is driving rapid growth in agriculture, biomedical science, information science and computing, energy, and other sectors of the U.S. economy. This economic activity, conceptually referred to as the bioeconomy, presents many opportunities to create jobs, improve the quality of life, and continue to drive economic growth. While the United States has been a leader in advancements in the biological sciences, other countries are also actively investing in and expanding their capabilities in this area. Maintaining competitiveness in the bioeconomy is key to maintaining the economic health and security of the United States and other nations.

Safeguarding the Bioeconomy evaluates preexisting and potential approaches for assessing the value of the bioeconomy and identifies intangible assets not sufficiently captured or that are missing from U.S. assessments. This study considers strategies for safeguarding and sustaining the economic activity driven by research and innovation in the life sciences. It also presents ideas for horizon scanning mechanisms to identify new technologies, markets, and data sources that have the potential to drive future development of the bioeconomy.

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