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The Development Status of America’s Advanced Industries and Strategies for Future Development

In February, 2015, Brookings Institute, a world-renowned think tank published its latest research report America’s Advanced Industries: What They Are, Where They Are, and Why They Matter, in which the institute points out that advanced industries are critical for economic renewal in the US. In recent years, as America’s competition is eroding, both companies and the government are needed to help advanced industries to regain competitive advantages. This report provides important lessons for Shanghai to realize the industry development led by scientific and technological innovation. Main insights from the report are refined as follows for leader’s decision-making.