Chief executives from several leading high technology companies called on Congress this week to stay away from policy initiatives that penalize companies from outsourcing labor to foreign nations.

"As the U.S. encounters new global realities policy makers face a choice: we can compete in the international arena or we can retreat," said Craig Barrett, chief executive officer of Intel Corp. "America can only grow jobs and improve its competitiveness by choosing to compete globally, and that will require renewed focus on innovation, education and investment."

In a report issued today, the Computer Systems Policy Project said U.S. companies "must engage in business worldwide to capitalize on opportunities and respond to competitive challenges."

"Countries that resort to protectionism end up hampering innovation and crippling their industries, which leads to lower economic growth and ultimately higher unemployment," said CSPP in its report.

CSPP, whose members include Michael Dell, Carly Fiorina, Sam Palmisano, Joseph Tucci, Ed Zander and Barrett, among others, lobbied Congress for programs that promote technological innovation and improve education and training for American students and workers.

"As a nation we must renew our investment in competitiveness, just as businesses must do," said Fiorina, chairman and CEO of HP. "Today we're calling on our national leaders to partner with the private sector to develop a competitiveness agenda that maintains the processes and discipline that made the U.S. the leading technology exporter it is today."

Barrett said white-collar jobs in the U.S. are no longer a guarantee. "It had been assumed we had a lock on white-collar jobs and high-tech jobs. That is no longer the case."

Noting the disparity in federal subsidies for agriculture, which number the in the tens of billions of dollars, versus those for physical sciences--reportedly just $5 billion--Barrett said, "I can't understand why we continue to pour resources into the industries of the 19th century."