Innovation Mandate: Has America Lost Its Innovation Edge?
In an ongoing series of articles, opinion columns, and executive interviews, InformationWeek will explore the issues driving and holding back U.S. tech innovation. First up: What our extensive research tells us.
By Rob Preston
October 2, 2010
InformationWeek's Series On U.S. Tech Competitiveness
For the better part of a decade, executives, economists, policy makers, researchers, and other so-called experts have lamented the inexorable decline of the U.S. IT industry and the country's standing as the global technology leader. Reports with ominous titles have questioned whether U.S.-based IT vendors and the organizations they sell to have the technical chops, national backing, and requisite will to out-innovate their counterparts in other countries.
Economic pessimism is nothing new in the U.S. In his 1988 book Trading Places, Clyde V. Prestowitz Jr., a former U.S. trade negotiator, argued that Japan would overtake the U.S. as the world's preeminent industrial power, mostly because the country's mighty ministries were working hand-in-hand with its mighty keiretsu to dominate sector after strategic sector, including semiconductors. More recently, in "Rising Above The Gathering Storm," an influential report published in 2007, several leading U.S. executives, researchers, and academics warned that "the scientific and technological building blocks critical to our economic leadership are eroding at a time when many other nations are gathering strength."
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