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The United States used to be the undisputed global leader in innovation. In the past, we put a large portion of our considerable economic power behind research and development, with the goal of becoming and remaining the most innovative country in the world. However, in the past few decades, America’s lead in innovation has shrunk, and some experts believe our lead has disappeared altogether. In either case, the simple fact is that American innovation is being threatened by structural erosion and global pressures.…
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