Global competition and the dynamics of culture evolution

Summary form only given. Since the early 1970s, the United States has experienced a leveling in its long-term historic rates of economic growth. While the American economy is growing, the current growth rate averaging 2.3 percent since the early 1970s does not match the previous historic rate of 3.4 percent. Economic growth is predicated on a variety of variables, but primary is the rate of productivity increase. The decline in the rates of productivity increase have reduced the capacity for American competitiveness in the context of the global economy. Productivity, in turn, is primarily a function of technological advance. Here, the authors examines what technology is and how technology relates to the processes of economic development and American global competitiveness. Further, who and or what manages that technological flow and for which purpose is also studies