THE PERILS OF COMPLACENCYTHE PERILS : America at a Tipping Point in Science & Engineering : America at a Tipping Point THE PERILS OF COMPLACENCY America at a Tipping Point in Science & Engineering An Update to Restoring the Foundation: The Vital Role of Research in Preserving the American Dream AMERICAN ACADEMY OF ARTS & SCIENCES AMERICAN ACADEMY THE PERILS OF COMPLACENCY America at a Tipping Point in Science & Engineering An Update to Restoring the Foundation: The Vital Role of Research in Preserving the American Dream american academy of arts & sciences Cambridge, Massachusetts This report and its supporting data were finalized in April 2020. While some new data have been released since then, the report’s findings and recommendations remain valid. Please note that Figure 1 was based on nsf analysis, which used existing oecd purchasing power parity (ppp) to convert U.S. and Chinese financial data.oecd adjusted its ppp factors in May 2020. The new factors for China affect the curves in the figure, pushing the China-U.S. crossing point toward the end of the decade. This development is addressed in Appendix D. © 2020 by the American Academy of Arts & Sciences All rights reserved. isbn: 0- 87724- 134- 1 This publication is available online at www.amacad.org/publication/perils-of-complacency. The views expressed in this report are those held by the contributors and are not necessarily those of the Officers and Members of the American Academy of Arts and Sciences. Please direct inquiries to: American Academy of Arts and Sciences 136 Irving Street Cambridge, Massachusetts 02138- 1996 Telephone: 617- 576- 5000 Email:
[email protected] Website: www.amacad.org Contents Acknowledgments 5 Committee on New Models for U.S.