The U.S. bioeconomy is now worth almost $1 trillion USD, and it got there by smart government investment, smart policies, and smart money
data, warns that international competition, regulation, lagging workforce training and education, meager research investment, and many other factors threaten the U.S.’s lead in the bioeconomy.The report, entitled “Safeguarding the Bioeconomy,” looks at how 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.
The report says that while the U.S. has been a leader in advancements in the biological sciences, other countries are actively investing in and expanding their capabilities in this area—and the U.S.’s lead is beginning to slip. It might be easy for some to dismiss the report out of hand as a bunch of alarmist professors lobbying for more research money.
Considering all this, it doesn’t seem like an overstatement when the report authors say that U.S. competitiveness in the bioeconomy is key to maintaining the economic health and security of the country.There are many things that can go wrong, causing the U.S. to lose its current edge in the global bioeconomy. Some of these are economic risks, and others present serious national security risks. All of them are related to a failure of our government to act now. Here’s a sampling of the risks to U.
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