Scientific And Technological Enterprise – The Right Tools For Prosperity?

Scientific And Technological Enterprise

The administration of a country should be in the right hands to lift the country from economic problems and lead it to prosperity. They should understand that science and technology is the tool to achieve prosperity. The growth of the U.S economy after the World War II was mainly due to its advances in the field of science and technology.

It is necessary that the administrators while giving the support to big companies should also consider the needs of small businesses as well. For example president Barack Obama has tried to rescue the car makers in Detroit from facing bankruptcy, but, the effort done to achieve this will be wasted unless the small auto parts manufacturers are not competitive enough. These manufacturers need necessary technical information to produce competitive products to meet the need of the market. The government should support the National Digital Engineering and Manufacturing Consortium which is providing these manufactures the information on technology through the Purdue university and through the Supercomputer center in Ohio.

In Germany, the government has encouraged the co-operation between the technical universities and industrial manufacturers and this has lead to the success of businesses in Germany.  For example the battery makers in Germany get necessary technical advice from universities about nanotechnology which helps them to develop better products. United States needs to find the ways to harness the information gained from researches and to use for the development of the economy of the country.

The current emphasis should be in developing energy security using solar power and for developing nuclear reactors. Barack Obama during his election campaigning advertised the federal investment of $90 billion in clean energy research.  Although the solar panel maker Solyndra faced bankruptcy, it is necessary to do researches as the innovations will be slowed in the absence of proper research. Commercial firms do not carry out researches mainly because of the high risk of failure attached with the experiments. The Department of Energy has some advanced projects like producing fuel from genetically modified microbes.
Scientific And Technological Enterprise
To create science and technology based economy the country will need the best engineers and scientists, but the U.S students are only average in science and math. The U.S administration is trying to improve science standards of next generation according to the recommendations of the National Research Council.

With the present economic conditions and the chances of unemployment such concerns about the standard of science and math will not be an urgent matter of concern for the administration. It is necessary that we understand the necessity of building an economy based on scientific and technological skills to remove the  economic problems at least in the coming years. Any administration looking for the true growth of their country should not neglect the scientific and technological enterprises.   It is the duty of the government of a country to act as the key for bringing about the necessary changes to achieve the prosperity. We can hope Government will understand the importance of research and development in the various fields and will use the results for the betterment of the economy.