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Sunday, March 14, 2004

Can Silicon Valley, U.S. Lead in New Global Economy? by Dan Gilmor

The valley, and America as a whole, had enormous competitive advantages for decades. But conditions have changed in dramatic ways -- such as the composition of the global workforce and emerging entrepreneurialism in other places.The US media has not yet accepted the message that the US consumer is no longer the world's leader, and transmitted that message to the American man in the street. The result is that most Americans are angry at the "outsourcing" of "American" jobs, but do not understand the context in which this is taking place. The sooner everyone recognizes that the US is a part of one global economy, and that the US is currently going through a rough adjustment phase, and we need to invest in ourselves to compete, then the better positioned we will be for the future.

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