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The National Science Board released its Science and Engineering Indicators, 2008, and absolutely everything I've been saying about America's coming third world status is backed up:
- U.S. grade school students continue to lag behind other developed countries in science and math.
- In 2000, the United States held about one quarter of the world's 194 million tertiary degrees. Twenty years earlier, the U.S. share was closer to one third.
- From 1994 to 2004, U.S. firms increased the number of people they employed in R&D jobs outside the United States by 76%. Foreign firms increased their investment in US R&D by only 18%.
- Federal obligations for all academic research, basic and applied, declined in real terms between 2004 and 2005 and are expected to drop further in 2006 and 2007.
- Several Asian countries, led by China, experienced more rapid growth in knowledge-based industries than did the United States in 2004 and 2005.
- The U.S. comparative advantage in exports of high-technology products has eroded: the U.S. trade balance in advanced technology products shifted from surplus to deficit starting in 2002.