By most measures, the U.S. is in a decade-long decline in global technological competitiveness. The reasons are many and complex, but central among them is the country's retreat from long-term basic research in science and technology, coupled with a surge in R&D by countries such as China.
It's interesting that this article takes such a negative view on this topic. First of all, the US is still innovating at a rapid clip, it's just that the emergence of thriving market economies make America less relatively dominant. I'd argue that's not a bad thing; world production is up dramatically as a direct result. Secondly, while it's true that large monolithic R&D projects are in decline, exciting venture-funded startups are more than picking up the slack. From Online Services to Alternative Energy, US entrepeneurs are consistently delivering on new frontiers. Let's keep at it!
Until next time!
Michael O'Brien is a partner at Praece Strategic Technology Consulting, helping small and medium businesses align technology plans with business goals.
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