Carolina Newswire is the
Official Media Partner of the
RTP Tech Event at Goodnight's
Part of the R-T-P P-R-O-D-U-C-T P-I-P-E-L-I-N-E
Introduction: Does The "S" Curve Explain Anything About American Technological Innovation?
I wondered if following the S Curve backwards in time could be used to explain why outsourcing innovation caused the American economy to lose its ability for radical product innovation. Using current economic theory with supply and demand curves and marginal rates of efficiency somehow seems inadequate if the end state to be explained is economic extinction and not equilibrium.
In evolutionary theory, what currently exists today could easily have been something else if some earlier genetic crossover had occurred. For example, would the S curve be useful in predicting where the American economy would have been in 20 years from now if the multi national corporations had not begun outsourcing America’s technological innovation capacity around 1985?
Or, alternatively, can the S curve be used to look back in time to explain how the early decisions, around 1985, to outsource corporate innovation to India began the American economic decline? The series of speculative bubbles since then has tended to mask the underlying fundamental weakness of the economy, which is related to inadequate rates of domestic innovation and, consequently, inadequate market demand in America’s internal domestic industrial supply chains.
August 28, 2008 First RTP Tech Event 5pm At Goodnight’s Comedy Club
All Homes On The Web Ready With Next Generation E-Commerce Real Estate Websites
05-31-2008
RALEIGH, N.C. -- The anti-competitive and anti-trust settlement reached on Tuesday between the U. S. Department of Justice and the National Association of Realtors on internet listings for home sellers creates a new competitive marketplace.
by Thomas E. Vass
In the first part of “Searching For Innovation,” three new forms of competition for innovation were outlined: competition between global corporations; the competition between venture capitalists and global corporations; and competition between metro regions.
All the competitors share a common goal for a greater birth rate of high-tech new ventures, and all have financial interests that conflict, if the new venture creation process is seen as a “zero-sum” market.
Capital Formation Institute Sponsoring Second National Dialogue on American Economy April 22, 2008.
Raleigh, NC, April 19, 2008 --(
PR.com)-- The Capital Formation Institute, a Washington DC-based economic research and advocacy group for innovation economics, announced today the line up of experts who will lead the April 22, 2008, national roundtable discussion on innovation tools to drive community economic development.
April 2008
by Thomas E. Vass
Editor's Note: This is the first of a two-part series. Watch for the second half in the May issue's Finance Department.
Cornelius Vanderbilt, a steamship and railroad builder, used to say that he never knew where a good idea would come from, and therefore he was always open to listening to anyone who had a new thought. Large corporations are confronted with the same problem raised by Vanderbilt: Where do good ideas for their next generation of products come from?
As a result of more open global trading policies the basis of global competition has shifted from low-cost production to the ability of firms to innovate rapidly. But, the idea of innovating rapidly presumes that corporations know where to look to find good ideas that can be commercialized.
Raleigh, N.C., USA (
SANEPR.com) April 11, 2008 -- The long-term economic woes of America were the topic of an April 10, 2008, national roundtable discussion sponsored by the Capital Formation Institute, an advocacy think-tank for innovation economics based in Virginia.
Thomas Vass, an innovation economic expert, located in Raleigh, N. C., was selected by CFI to act as one of the two moderators to lead the discussion for the national teleconference.
“America’s economic problems extend way beyond a mortgage debt crisis or the malaise in the entire credit market,” said Tom Vass. “America’s economic problems are structural and the genesis of the problems are poor economic leadership in the private financial and business networks. These are not problems that can be solved by politicians in Washington or state capitals.”
