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Genachowski: Broadband Key To Economic Growth, Innovation Genachowski: Broadband Key To Economic Growth, Innovation

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Genachowski: Broadband Key To Economic Growth, Innovation

There is "no bigger opportunity" to spur economic growth than to help businesses maximize their use of high-speed Internet and other technological resources, Federal Communications Commission Chairman Julius Genachowski said Wednesday.

America needs to accelerate technological innovation in order to compete with the rest of the world, he said at a forum on jobs and the economy hosted by The Atlantic.

"If the U.S. is moving forward slowly, we're not moving fast enough," Genachowski said.

While the United States is still among the most advanced countries in the world, its pace of improvement is nearly last among developed nations, Genachowski said. In areas where high-speed Internet is available, the United States also lags other countries in the rate of adoption.

The chairman emphasized the importance of increasing adoption of and access to high-speed Internet, underscored by Tuesday's FCC vote to revamp the Universal Service Fund to funnel funds to support broadband service.

As part of increasing America's global competitiveness, Genachowski said, U.S. companies also need to become international leaders in technology innovation. He specifically urged the adoption of tablet devices and electronic textbooks for students.

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