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Adrrub 7 Reasons Why The US Must Reclaim Leadership In Tech

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AdrRub 7 Reasons Why the US Must Reclaim Leadership in Tech
Technology is paramount in attaining success in today’s dynamic world. The benefits of technology to a country’s development are evident all spheres of development, from health and business to science. Technology can hasten world trade by making it possible for businesses to market their products and meet quality standards and enhancing competitiveness by reducing cost and time factors in product development. Globally China and the US are locked in a fierce battle to decide who would ultimately become the next global technology leader. According to the CSMonitor, innovation will decide the winner because it is key ingredient that drives income growth and determines diplomatic and global …show more content…

After the Perl Harbor attacks in the US economy grew rapidly along with its preparedness and military power as the country was pushed to coming with creative means to outwit its opponents. The political institutions in the US also play an important role by distributing power equally and control how the power is exercised for the benefit of the society. The other advantages, the US has over its rival is the higher income per capital. In spite of these benefits, China is putting a lot of its resources into science and technology. Its economic institutions are also better reformed and it is offering some firms and farmers crucial incentives to help the economy stay on the …show more content…

However, statistics indicate the country ranks at number 11 in terms of most innovative country. The sobering statistics 2018 Bloomberg Innovation Index reveal that US has fallen out of the top 10 most innovative country for the first time, thanks to skewed approach by policy makers, which has seen innovation take a back seat at the expense of tangible growth. For US to reclaim leadership in the technology and maintain its leadership in the global innovation race, the governing administration and Congress must come up with pro-innovating policies as soon as possible. According to the magazine, the US needs to do the following 4 things in 2018 to stay on the driver’s seat when it comes to

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