Technology-based Economy

The member explores the history of and the evolution of that economic system afterwards mankind War II . Essentially , the United States was the everywhereall overlooking after the war and even maintained that position for some(prenominal) decades . The hold states that the reason for this was found in the accumulation of a spacious foundation of superior technical , physical , organisational , and marketing assets . essentially , the article establishes a history that shows how the U .S , due to the vast amount of assets that were maintained , has not had any(prenominal) true competition in relation to the technical-economyThe line that is universe investigated is how globalization of applied science and technology based competition has diversenessd the slashing of the economy and effected the U .S . In essence , the article explores the problems that know occurred because of the lack of work out that the U .S . has made indoors the technology economy . The change in globalization federal agency that the U .S . would motivation to revise the old law of comparative degree profit and the process of creative destruction . The real problem , virtuoso that is briefly touched on , is the idea that the U .S . has endure complacent in dealing with the improvement that is obligatory . The undeniable adjustments fork out not been made and the U .S .

technology-based ingathering policies have not changed because of he substantial adva ntage that was held over competing nationsTh! e authors of the article explored the funding that is going into the R D sectors of the economy to determine whether there was sufficient funding to spark the indispensable progress . They discovered that the U .S . economy is not put passable funding into the sector and that the funding is far at a lower place the peak that was established in 1960 . The major(ip) reason for the unretentive 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 new recess has caused surplus problems because of the inability to bounce back from the recession . The major morphological errors and issues are simply not world addressed the focusing that they should be . The author states that the solution is to give more(prenominal) assets to the enchant up effort . The effort willing require the credence of a far more worldwide growth insurance policy , implemented with considerably more resourc es and based on crucial policy analysis capabilities...If you insufficiency to get a replete(p) essay, order it on our website: OrderCustomPaper.com

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