Global Competition

United States policy and strategic planning have been inadequate to keep it in first place through the rise of Asian economies, and it now appears that it should have paid closer attention to the rise in technology studies and the beneficial changes to trade and technology policies in other nations (ôU.S. Dominance in Science and Engineering at Riskö). Globalization has opened up new vistas for the America

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t to the American economy (Frauenheim, 2005). Although U.S. satisfaction with outsourced labor is dropping, there is still great interest in the practice, with 40% of buyers in one study expecting to outsource some IT functions to China within the next three to five years, as compared with 8% last year (Frauenheim, 2005). For the United States to successfully compete in the global economy, it has to stop allowing technological supremacy to slip from underneath it. The first thing it needs to do is develop better tax and trade policies that allow it to be more competitive in the marketplace. Taxation policies should bolster trade, not mitigate against it, and trade policies should be developed likewise. Next, the U.S. needs to develop its own preferential S&T policies that will promote education 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 most outstanding young scientists to further their educatio
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Some common words found in the essay are:
Keith Whitson, Engineering Riskö, Riskö Americans, Competition United, Furthermore Indian, Retrieved January, Segal United, Riskö Globalization, European Union, science engineering, science technology, dominance science engineering, Dominance Science, dominance science, retrieved january 18, 18 2005, global economy, retrieved january, ôus dominance, engineering riskö, january 18, january 18 2005, science engineering riskö, ôus dominance science, frauenheim 2005,
Approximate Word count = 1239
Approximate Pages = 5 (250 words per page)

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