Technology-based Economy

The bind explores the history of and the evolution of that parsimony after human race War II . Essentially , the United States was the everywhereall predominate after the war and even maintained that position for several(prenominal) decades . The article states that the reason for this was found in the accumulation of a huge foundation of superior technical , physical , organisational , and marketing assets . Basically , the article establishes a history that shows how the U .S , due to the huge amount of assets that were maintained , has not had any(prenominal) true competition in relation to the technical-economyThe job that is macrocosm investigated is how globalization of technology and technology based competition has changed the participating of the economy and effected the U .S . In essence , the article explores the problems that withdraw occurred because of the lack of progress that the U .S . has made inwardly the technology economy . The change in globalization manner that the U .S . would need to revise the old law of comparative degree advantage and the process of creative destruction . The real problem , one that is briefly touched on , is the idea that the U .S . has become complacent in dealing with the progress that is requirement . The necessary adjustments have not been made and the U .S .

technology-based ontogeny policies have not changed because of he substantial advantage that was held over competing nationsThe authors of the article explored the funding that is going into the R D sectors of the economy to see whether there was sufficient funding to spark the call for progress . They discovered that the U .S . economy is not position enough funding into the sector and that the funding is far downstairs the peak that was established in 1960 . The major reason for the incompetent evolvement of the economy is the accumulation of economic assets that the U .S . has gathered . These have created a sense of complacency and the recent recession has caused spare problems because of the inability to bounce back from the recession . The major structural errors and issues are simply not being addressed the musical mode that they should be . The author states that the solution is to devote more assets to the sop up up effort . The effort will require the toleration of a far more comprehensive growth constitution , implemented with considerably more resources and based on substantive policy analysis capabilities...If you want to get a enough essay, order it on our website: Orderessay

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