The Effect of Global Competition

Asian countries have non missed a beat in technological search, and the component of patents issued to Asian scientists is rising (Segal). Furtherto a greater extent, Indian companies are rapidly bonnie the second-largest producers of application services in the world, as they develop, supply, and manage databases and separate kinds of software for clients around the world (Segal).

The challenge to U.S. economic pronouncement can be attri plainlyed not just to globalization but also to a lower emphasis on perception and engineering studies, according to the National Bureau of Economic investigate ("U.S. Dominance in cognition and Engineering at lay on the line"). A comparison of the university bachelor degrees in science and engineering stood at 17% in the U.S. in the course of instruction 2000, temporary hookup reaching a 27% average worldwide and 52% in China alone ("U.S. Dominance in Science and Engineering at encounter"). In terms of doctorial degrees, which are considered key to advanced scientific research, the difference is even out greater 40% more science and technology doctorates were issued in the European Union in 2001 than in the United States, and that find out is expected to rise to nearly 100% by the year 2010 ("U.S. Dominance in Science and Engineering at Risk").

One result of this disparity is the rise of outsourcing. Many more technology-related line of businesss are being sourced from the United States to countries where they

For the United States to successfully compete in the global economy, it has to inhabit allowing technological supremacy to slip from underneath it. The first topic it needs to do is develop better tax and distribute policies that allow it to be more competitive in the marketplace. gross policies should bolster trade, not mitigate against it, and trade policies should be highly-developed likewise. Next, the U.S. needs to develop its own preferential S&T policies that will promote rearing in the science and technology arenas and attract more students to those fields.

The strengthening of science and technology education must, of course, include higher-quality education programs and better-qualified professors, as well. Incentives for science and technology innovations and research should be offered, and scholarship programs should be developed to encourage the roughly outstanding young scientists to further their education and enrich U.S. science and technology with their talent.

are less costly, a trend that has caused job loss in the U.S. and which poses an additional threat to the American economy (Frauenheim, 2005). Although U.S. satisfaction with outsourced labor is dropping, there is still great touch in the practice, with 40% of buyers in one study expecting to outsource some IT functions to China within the next three to 5 years, as compared with 8% last year (Frauenheim, 2005).

U.S. Dominance in Science and Engineering at Risk. The Big Picture. Retrieved on January 18, 2005 from: hypertext transfer protocol://bigpicture.typepad.com/comments/2005/07/_us_dominance_i.html

Offshore Outsourcing Satisfaction Drops. C/Net News.com. Retrieved on January 18, 2005 from: hypertext transfer protocol://news.com.com/Offshore+outsourcing+satisfaction+drops/2100-1022_3-5736170.html

The United States is in a desired position with regard to the global economy, havi
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