Friday, July 18, 2003
RAND report on technology
The RAND corporation has published a report that predicts the US will hold on to its lead in the global technology sector, despite signifiant challenges from Asia, especially from China. According to the report, American acceptance of change and innovation and its ability to let uncompetitive industries die are among the reasons for its lead.
"Unlike many other nations that concentrate on protecting existing businesses and institutions, the United States presses ahead with change even when it means 'creative destruction' of companies that drive its economy today in order to build a stronger economy tomorrow," said Richard O. Hundley, the lead author of the study.
"Unlike many other nations that concentrate on protecting existing businesses and institutions, the United States presses ahead with change even when it means 'creative destruction' of companies that drive its economy today in order to build a stronger economy tomorrow," said Richard O. Hundley, the lead author of the study.
