Can the U.S. cope with the techno-future?
USA Today Magazine › Vol. 121 Nbr. 2574, March 1993
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Summary
Technological advancement
The US needs to devote resources in order to adapt to new technological developments before other countries develop similar products. Current advances and changes in government and corporate policies to use technology are described.See the full content of this document
Extract
Can the U.S. cope with the techno-future?
REMARKABLE ADVANCES in technology rapidly are transforming business and industry all over the globe, and even faster change is coming. The impact will be tremendous, not just on business, but on national economies and social structures as well. Emerging technologies have the potential to give an edge not just to companies, but to nations that make the most effective use of them. Conversely, if new breakthroughs and the changes they induce are dealt with clumsily, economic decline and social decay are likely to follow.
Is the US. prepared for this accelerating development? The answer appears to be a resounding "No!" The technological lead that once enabled American firms to be global pacesetters in almost every industry not only is eroding, recent studies have shown the US. already is lagging in dozens of critical areas. Severe cutbacks in commercial research and development (R&D) accompanied the financial machinations of the 1980s, and they have gone even deeper during the ensuing recession. Most government support of R&D is for ...See the full content of this document
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