Science & Technology

Over the last several decades, the U.S.’s domestic semiconductor manufacturing capacity has declined. The CHIPS Act aims to reverse this trend by investing over $50 billion in direct funding and loan subsidies to expand semiconductor research and development and manufacturing in the U.S. This primer focuses on the workforce challenges that will be spurred by this microelectronics industry expansion and proposes how community colleges can play a critical role in addressing these challenges. 

Joseph Nye writes: From an American perspective, it is just as dangerous to underestimate Chinese power as it is to overestimate it. While hysteria creates fear, discounting China's recent progress and future ambitions could lead the United States to squander its own long-term advantages.

Joseph Nye writes that although the United States has long commanded the technological cutting edge, China is mounting a credible challenge in key areas. But, ultimately, the balance of power will be decided not by technological development but by diplomacy and strategic choices, both at home and abroad.

Harvard Kennedy School’s Belfer Center for Science and International Affairs has named the Honorable Shirley Ann Jackson a non-resident Senior Fellow. Dr. Jackson, a theoretical physicist and President of Rensselaer Polytechnic Institute, has held senior leadership positions in academia, government, industry, and research. At the Belfer Center, Jackson will engage with students, faculty, and fellows at the nexus of science, public policy, and leadership.

“Shirley exemplifies the ideal of advancing science and technology for the public good,” said Belfer Center Director Ash Carter. “All of us at the Center are honored to welcome such a distinguished leader and scientist. The National Science Board was right to call her a ‘national treasure’ and we look forward to her engagement with our community.”

In this policy brief, we consider the existing mechanism of tax credits. We see how they can encourage private sector risk-taking to enable research and development (R&D) outcomes. However, our goal is to go beyond economic growth benefits, and to include the less tangible considerations of public good and public purpose in the research and development domain. We then suggest an expansion of tax credits focused on supporting the researchers involved in the R&D and encouraging innovation in both large organizations and in startups and small businesses. This approach builds upon the existing framework of agency-led, mission-defined support of the private sector used by the U.S. government, as occurs in other programs such as America’s Seed Fund (sometimes known by its acronyms, SBIR and STTR). The integration of specific agency- and mission-focused elements to the credit system ensures that these additive credits support research and researchers whose R&D outcomes will improve the health, prosperity, and opportunity for the U.S. as a whole.

Stephen Walt looks back at the Trump administration as four years of big ambitions, a handful of successes—and many more failures. He concludes that it was more than a missed opportunity because Trump's blunders have left the United States in much worse shape than when he took office. 

The Republican Party's willingness to indulge U.S. President Donald Trump's dangerous fantasies reveals a blithe disregard for U.S. foreign policy and national security, Stephen Walt writes.

The geopolitical and geo-economic forces wrought by the coronavirus pandemic, as examined previously in this series, are likely to slow the transition to a more sustainable global energy mix. Fortunately, the pandemic has also resulted in governments gaining vastly greater influence over whether this shift stalls or accelerates.

For most people, there was nothing to celebrate when the International Monetary Fund downgraded its outlook for global economic growth in June, anticipating a contraction of 4.9% for 2020. Yet for others, such as the small but persistent group of economists and others known as the “degrowth movement,” the Covid-induced economic slowdown has a silver lining.

The search for silver linings to the coronavirus pandemic has come up woefully short. But one hopeful — and much talked of — prospect is that the disruption will accelerate the global shift to a more sustainable energy future.