Have you heard about "graphene"? It's a single layer of carbon atoms that could replace silicon because it's thin and conducts electricity as well as many other potential uses.
There is a BBC News article that talks about graphene and patents held in the far east but then discusses what has happened to innovation after the cold war finished - that is 30-40 years of decline in innovation.
There have been many other articles about how innovation is happening where the industry or production takes place and how this is far from the stakeholders. The point here is that off-shore production of many things such as televisions and electronics means innovation has been off-shored as well. Manufacturing processes are developed and refined off-shore and innovation is not happening to the same level at home any more.
Have a read of the article above - It's interesting because of the possibilities presented by graphene, but also a bit sad when it describes the decline of innovation. I'd say that real innovation, or the lack of it, has had a direct effect on prosperity and employment.
If the innovation has been off-shored and the owners of the production are doing the innovation, has this caused the economic challenges experienced in the USA and EU today?
If the innovation has been off-shored and the owners of the production are doing the innovation, has this caused the economic challenges experienced in the USA and EU today?
It's a new year! Let's hope that everyone can take a good look at innovation and the banks and economy start to help develop the innovation that supports growth and improvement for everyone.
(Currently, it seems the financial industry and potential financial backers have more of an appetite for "efficiency innovation" that really means less jobs and prosperity for the few. What about real innovation?)
(Currently, it seems the financial industry and potential financial backers have more of an appetite for "efficiency innovation" that really means less jobs and prosperity for the few. What about real innovation?)