Sunday, April 21, 2019

Current events: William Holstein's technology cluster and the next generation of the US economy

The US Bureau of Labor Statistics reported that the unemployment rate in June 2011 was 9.2%. As millions of Americans struggle to find work, this number is still frustrating every month.

It is clear that much of the work lost in the past few decades and during the Great Depression of 2008 has disappeared. It said that the definition of insanity does the same thing over and over again, but it has different results.

The government's stimulus package and extended unemployment benefits are the boosters of this work, and William Holstein, author of the new book "The Next US Economy – The Blueprint for a Real Recovery," believes this is a structural challenge in the US economy. . Holstein traveled to the United States to write articles on globalization and economics of major business publications.

How will our country reshape the work of the 21st century and what industries? Holstein believes that our economic rebirth lies in technology clusters and ecosystems.

The following is a cross-sectional overview of the United States and how it reinvigorates itself through technology clusters and ecosystems. The speech of all American Holstein, who is related to the current economic challenges of the United States, is also a lesson.

Technical cluster
Clusters promote knowledge sharing and product innovation. They also support technology and business processes by providing an intensive network of formal and informal relationships between organizations. Clusters are often accidental and difficult to create.

Orlando's technology cluster is based on computer simulation and modeling; and is partly provided by the US military and major defense contractors. In the 1950s, he decided to start a business in the Orlando area. Disney's influence on computer games and entertainment is also very influential. Each cluster needs a creative factory, and Orlando has about 140 R&D companies near the university. It is easy to promote the "cross pollination" of ideas. Simulation and modeling are being used in multiple industries. Includes health care because it uses virtual reality to help stroke patients recover.

Pittsburgh is reinventing itself from a steel city [these factories do not exist today] and is one of the advanced robotics advantages. Manufacturing advanced robotic systems is both complex and challenging. They go beyond repetitive tasks in car factories, which is a simple closed-loop automation. Emerging industries lack the presence of Google or Apple in the city. However, regional universities, engineers and governments are one of their cooperative clusters, dedicated to seeing the industry booming and creating new jobs.

San Diego has more than 600 life science companies and 700 wireless communications companies. In the 1970s, science and medicine rarely cooperated. Today, the combination of biotechnology know-how and large-scale computing power has helped San Diego to dominate medical research and development, including genomics. Opportunities are ideal for "creative collisions" between college students and teachers, business leaders and regional governments. San Diego has a high percentage of venture entrepreneurs and venture capital funds, and this fund is constantly pursuing further advances in technology.

ecosystem
The technology ecosystem is a concept factory that embodies different scientific and academic disciplines at close range. They include the presence of large, mature companies that often invest in start-ups, license their technology, and/or sit on the board. The CEO guides small business leaders with inexperience. Government agencies are partners, but companies don't just rely on them. Angel investors and private sector investors are also key players. No ecosystem can guarantee it.

North Carolina has got rid of the furniture, textiles and tobacco industries. Today, it is a country where SMEs are committed to export, which is the key to creating economic growth, wealth and employment. Export companies usually pay higher wages and extend business hours. Holstein said that exports are a huge untapped economic potential. The US export promotion and financial system are fragmented and ineffective. North Carolina has won because local, state, and federal agencies are collaborating to promote exports. They provide small business CEOs with information about foreign capital trade shows. They also play media with potential distributors and customers, and help companies translate their sales materials into local languages.

In the past few decades, Atlanta, like many American towns that rely on manufacturing economics, relies heavily on offshoring and outsourcing to cut costs. Today, the city has become a typical representative of companies returning to the United States, and this trend is known as "retrograde". This is especially true for high-end technologies, telecommunications and healthcare organizations. Spraying on a global scale to adjust production and design changes is expensive and time consuming. Transportation costs, complex logistics, political turmoil and the threat of intellectual property theft are also motivating factors. The ecosystem of the Atlanta regional government, universities and suppliers and logistics experts is dedicated to revitalizing the job market in the region.

Cleveland is at the forefront of job retraining at 1,200 community colleges in the United States. Cleveland's strength is to retrain displaced workers in their 40s and 50s, and is hit hard by global employment trends. Current and future workers need higher knowledge and skills to be competitive; and Cleveland's delivery. The community colleges in the city view education as a business, not just education, enabling the unemployed to quickly turn into a new viable career. Cleveland's educational ecosystem includes local business leaders and government officials. Community colleges are usually more flexible than four-year academic institutions. Funding comes from federal, state and local governments as well as private foundations.

Lessons from all Americans
Holstein concluded that the United States is the center of the global economy and that competitive pressures are permanent. He believes that we are a culture of creativity, innovation and freedom. Our comparative advantage is that we can transcend existing technologies through destructiveness. In order to maximize this advantage, future generations will need to master skills based on mathematics and science. This is the only way to thrive in a knowledge-based economy. "For the United States, this is a decisive moment, similar to the Great Depression, when we had to summon a new perspective on the future," he said. "I really believe that we can restore the optimism that many people seem to lose."

To learn about the next economy in the United States, please visit http://www.williamholstein.com.




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