Transition Memo to President-Elect Trump: How to Spur Innovation, Productivity, and Competitiveness

Now that the election is over, it is time for the prose of governing. In this memo, we revisit the themes of innovation, productivity, and competitiveness, and we offer a set of actionable proposals that the new administration can accomplish in its first year through executive authority or by working with Congress on discrete legislative measures that would be comparatively easy to accomplish. Cutting across all of our recommendations is a basic recognition and a core conviction: America’s economic future will depend on successfully driving innovation, productivity growth, and competitiveness, and to do that, the federal government will need to adopt new and more creative approaches to public policy.