The United States remains the world leader in scientific and technological innovation, but its dominance is threatened by economic development elsewhere, particularly in Asia, the National Science Board said on Tuesday in its biennial report on science and engineering.

The country’s position is especially delicate, the agency said, given its reliance on foreign-born workers to fill technical jobs.

The board is the oversight agency for the National Science Foundation, the nation’s leading source of funds for basic research in the physical sciences.

The report recommends increased financing for basic research and greater “intellectual interchange” between researchers in academia and industry. The board also called for better efforts to track the globalization of manufacturing and services in the high-tech sector, and their implications for the American economy.

Click here for the full story