Table of Contents
- Letter from the President
- In a Nutshell
- The Competitiveness and Security Conundrum
- Seeking the Upside of Security: Learning from Five Sectors
- Warning: Turbulence Ahead
- Ratcheting Up Resilience: Best Practices Among the Leaders
- Policy Prescriptions
The Resilient Economy: Integrating Competitiveness and Security
Published July 2007
After the shock of 9/11, the Council on Competitiveness introduced the concept that America’s security is also a national competitiveness challenge. The U.S. economy – the engine of jobs and prosperity – could be brought to its knees by a well-placed terrorist attack. By the same token, however, the economy could suffer an equally damaging blow from excessive security measures that stifled productivity and slowed commerce.
The Council and Carnegie Mellon University, in conjunction with The Business Roundtable, the National Academies, the National Manufacturers Association and the National Association of Governors, convened the first-ever National Symposium on Competitiveness and Security. Its goal: to bring together America’s public and private sector leaders to “Create Opportunity Out of Adversity.”
Two hundred and fifty national leaders – CEOs from some of America’s largest companies, as well as executives from government, labor and academia – gathered in Pittsburgh to share their experiences and insights on the right balance between competitiveness and security. Armed with a powerful and compelling framework, Chad Holliday, the CEO of DuPont, and Jerry Cohon, the president of Carnegie Mellon, convened a CEO level steering committee to bring unique leader ship perspectives on the risk-benefit calculations of security investment, and a platform for peer-to-peer advocacy dialogue with senior administration officials and congressional leaders. An expert advisory committee co-chaired by Robert Moore, director of global security for Merck, and Catherine Allen, then CEO of BITS, managed a complex sector study process that investigated best practices in five industries: chemical, electric and gas utilities, financial services, petroleum, and pharmaceutical.