Friday, May 27, 2011

USA and Innovation

The May 2011 edition of the McKinsey Quarterly carried an article "Translating innovation into US growth: An advanced-industries perspective " which attempted to answer the question "Is America losing its innovation edge? " and opined that "The United States faces a future in which the elements of economic leadership are moving abroad. Reversing these trends will require the private and public sectors to collaborate."

I responded with a few comments of my own which have been included on the McKinsey Quarterly website:
Skilled immigrants are one of America’s greatest competitive advantages- the US has the unique advantage of having amongst its citizenry people from all parts of the globe. This “integrated diversity” is not yet fully utilized by corporations to its full potential. No other country operating in the global arena has this advantage. You may not find a Fijian or an Icelander in China or India but you would very well do in the US. And that’s a strength which needs to be leveraged.
Let us celebrate the "integrated diversity" of US and the pursuit of the "American Dream". Both of which contribute to the continued growth and prosperity of the US in a global economy.
More at Immigrants as Entrepreneurs: creating jobs, enhancing prosperity
What do you think? Is America losing the innovation edge? If yes, how do we get the edge back?

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