US has much opportunity to be became the technology economy leader by environment factorThe growing importance of the technology economyTechnology has deeply affected the global economy and its usage has been linked to marketplace transformation, improved living standards and more robust international trade. So, if technology has virtually revolutionized every industry in the current global economy, why economists still question whether technology is visible in traditional economic metrics such as GDP, productivity, and corporate profits to developed country, such as US considerably? Why does only US have effort to become technology economy leader? What external environmental factors influence US to be future technology economic leader?1. Our First Amendment is at the top of the list. The free speech that this amendment protects enables a robust exchange of opinions and fresh thinking, and with them, new business ideas. An oppressive climate of political correctness on some college and university campuses threatens the free-flowing exchange of ideas that's supposed to be the hallmark of higher education, a critical catalyst for innovation.The lockstep orthodoxy imposed by political correctness is antithetical to innovation. We need to make sure new ideas are realized on our campuses and in our labs. After all, challenging the establishment is a bedrock of American idealism. 2. The culture of American exceptionalism that has graced this nation since our founding encourages risk-taking. In the U.S., more so than anywhere else, success born of risk-taking and innovation is handsomely rewarded, and failure is viewed properly as a tool for learning.US's credo of persistence is "If at first you don't succeed, try, try again." Consider Thomas Edison, who said of repeated setbacks in his quest to invent a practical light bulb, "I have not failed. I've just found 10,000 ways that won't work." The U.S. is, and always has been, exceptional in terms of innovation, and the world wants to emulate us. If imitation is the sincerest form of flattery in this regard, any individual developing country proves the point. As TechCrunch noted, the word "innovation" was mentioned no fewer than 71 times "in a communiqué issued after any developing country Communist Party's recent plenary meeting, which focused on China's next five-year plan." If the developing country is serious about fostering innovation, it should focus less on five-year plans and allow consumers access to different ideas.
