The Positive Sum Strategy Harnessing Technology for Economic Growth (1986) / Chapter Skim
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Harnessing Technology for Growth
Harnessing Technology for Growth
Pages 105-114
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From page 105... ...
Ten million jobs have beer created in 5 years in the United States—in Europe, none. The Una ted States had phenomenal growth in 1984 ant]
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_ ^.Ct cn C)
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for selected countries and Figure 3 shows the same in absolute numbers. Compare the United States with Europe, remembenn~, that Europe Is still very fragmented and that we have relatively poor mechanisms to harness this effort outside defense.
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I think not, and I think that both these reasons reflect a high element of "looking for excuses." The United States is so attractive to investors that one new investment fund recently was reported to have raised £200 million. They proudly announced that it was all to be invested in high technology in California!
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From page 109... ...
You have identified a gap described neatly by Harvey Brooks (in this volume) , who said that historically In the United States there has always been a gap between the private ente~pnse system and government policy, particularly in the development of long-lead-time innovation.
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This realization is increasingly pervading He boardrooms of all corporations, and this is happening in Britain. For the United States, H
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The venture-capital movement has been of major significance in He United States, and we are delighted Hat it is in full swing in Britain. However, do not expect it to deal with really "big D" expenditure.
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discusses the prime importance of developing innovative, excellent process technology if biotechnology is to realize its full potential. Excellent manufacturing technology is what the Japanese have developed for all Heir products.
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From page 113... ...
Something of He same attitude is at work here in the United States. Yet we are now realizing that excellent design and manufacturing technology are required to turn invention into worldbeating, low-cost products.
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