Innovation and the Loss of Technology
Everybody agrees that America’s future economic growth and international competitiveness depend on our capacity to innovate, and the key to an innovation strategy is R&D. But what most people don’t know is that manufacturing funds 70 percent of all private R&D and as manufacturing declines, so does the strategy of innovation. The only real hope for an innovation strategy is to stop the decline of manufacturing and protect the advanced technology industries which have been running deficits for 20 years. The government needs to do a lot more to protect the advanced technologies using national security restrictions or tariffs, and the multinationals need to reduce signing technology transfer agreements ...
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