Falling Off The Competitive Edge

Falling Off The Competitive Edge

Christian E. Weller and Tyler Tepfer

March 22, 2005

The United States' trade in advanced technology products used to be one of our economic high points. But in the last year, the United States dropped from number one to number five in the list of successful information technology economies—replaced by places like Singapore, Malaysia and Ireland. We're now running trade deficits in high-tech products—something that won't change without serious policy intervention, says economist Christian Weller.

Christian E. Weller is senior economist and Tyler Tepfer is economic policy intern at the Center for American Progress.