Innovation: Driver of the American economy

Thèmes abordés

Innovation, driver of America's economy

Résumé du document

Let's imagine that a business man is waiting to board at the Kennedy airport. He has bought a cup of Starbucks coffee, then he opens his laptop, thanks to the wireless access, within a few seconds, he connects to the internet. He checks his mailbox. Then he calls his colleague who is in Paris. After that, he goes to the Google's website and types "Japan earthquake". In a few more seconds, he gets a lot of information on the earthquake which happened thousands of miles away. After the boarding announcement, he gets on the plane. 7 hours later, he arrives at Paris which is roughly 3600 miles away from New York.

All these seem so plain and ordinary for us today. However, if we trace back to 100 years ago, these things would be unbelievable for people at that time.

Extraits

[...] With these investments, we're planting the seeds of progress for our country, and good-paying, private-sector jobs for the American people." The innovation brings new blood to America's economy, and the economy offers a better environment for innovation. America adopts a culture of diversity. Individual background is less important in America. The desire to succeed, hardworking and the innovative mind might be the key qualifications to innovation. These qualifications, the appreciation and respect of innovation should be valued by all the other countries. [...]

[...] Innovation—driver of America's economy Let's imagine that a business man is waiting for the boarding in Kennedy airport. He bought a cup of Starbucks coffee. Then he opens his laptop. Thanks to the wireless access, within a few seconds, he connects to the internet. He checks his mailbox. Then he calls his colleague who is in Paris. After that, he goes to Google's website and type “Japan earthquake”. In a few more seconds, he gets a lot of information on the earthquake which happened thousands of miles away. [...]

[...] In 1904, Amadeo Peter Giannini invented the first western banking system and created a national system of branch banks to serve ordinary people. He was also the founder of Bank of America. In 1946, John Mauchly and J. P. Eckert invented the computer ENIAC, Electronic Numerical Integrator and Computer, which is the first successful digital computer in the world. In 1968, Ted Hoff invented the microprocessor which started the microcomputer industry. Other things like sound film, internet, mobile phone, video game, etc, all of them are first invented by Americans. [...]

[...] Innovation creates new businesses, industries and jobs for the country. It replaces the old facilities or systems to new ones, and greatly increases the efficiency. Innovation is the driver of America's economy and pushed the country with only 224 years history to the top of the world. We can have a look at the world's top 100 brands, almost half of them are American owned brands. In spite of so glorious history, America is still running on the road of innovation. [...]