BusinessWeek’s current top story in Innovation News is “America Risks Missing Out in Clean Technology,” written by Robert Atkinson, President of the Information Technology & Innovation Foundation and co-author of “Rising Tigers, Sleeping Giant,” the first comprehensive comparison of Asian versus U.S. competitiveness in the clean-tech sector (co-authored by LeadEnergy staff).  He writes:

Everyone from President Barack Obama to mayors of small towns are proclaiming that green industry is the savior of the U.S. economy, bringing jobs to the unemployed, needed economic activity to distressed industrial regions, and an overdue shot in the arm to U.S. industrial competitiveness…

Yet these hopes are likely to remain unfilled unless the U.S. embarks on a very different course. A joint study by the Information Technology & Innovation Foundation, which I direct, and the Breakthrough Institute finds that Asia’s rising “clean-technology tigers”—China, Japan, and South Korea—have already passed the U.S. in the production of virtually all clean-energy technologies. The report, Rising Tigers, Sleeping Giant, also finds that between 2009 and 2013, the governments of these nations will out-invest the U.S. three-to-one in these sectors­, or $509 billion to $172 billion.

Read the full article at BusinessWeek.