Policymakers and the public are wondering what the next big drivers of innovation will be that will propel the American economy forward and boost growth. One prospect is “big data”: the explosion of digital information being generated and stored by individual consumers and firms, from start-ups
Space still remains the final frontier for man, even after the Space Shuttle tried to make leaving the Earth's atmosphere seem routine. With what seems like infinite potential beyond this big blue marble we live on, it seems striking how underdeveloped and costly space remains.
Is the blog dead? A host of big name bloggers certainly think so.
The debate over federal defense too often is framed as a struggle between military hawks on the one hand and budget hawks on the other.
Manufacturing’s declining share of output isn’t a sign of economic weakness—it’s just the opposite. It’s a sign that advances in manufacturing productivity and efficiency are translating into lower prices for consumers
We need policies that will allow US manufacturers to become all the more competitive in the coming years.
Commoditize (v): The act of making a process, good or service easy to obtain by making it as uniform, plentiful and affordable as possible. Something becomes commoditized when one offering is nearly indistinguishable from another.
A modified version of this post first appeared on FreeEnterprise.com
The famed management guru Tom Peters once said, "Do what you do best and outsource the rest." Thanks to low costs abroad, many firms have chosen to outsource much of their manufacturing capacity over the past few decades.
