The capitalization of knowledge

✍ Scribed by Etzkowitz Henry

• Publisher: Springer Netherlands
• Year: 1990
• Tongue: English
• Weight: 844 KB
• Volume: 19
• Category: Article
• ISSN: 0304-2421
• DOI: 10.1007/bf00148456

✦ Synopsis

The American economic crisis

Within three decades of emerging from World War II as the world's leading economic power the United States was in economic crisis. In the 1970s plants were being shut down and major portions of traditional industries such as steel and automobiles were lost to other nations. By the 1980s the United States had been transformed from a creditor to a debtor nation. Sale of debt along with coal, lumber, and agricultural produce became some of the most successful export industries. Was the United States becoming a quasi-third-world nation, importing industrial products in exchange for raw materials? During the mid-1980s important segments of new high technology industries such as semi-conductors and computers were also disappearing. The first wave of deindustrialization had been blamed on United States corporations' concentrating their attention on financial manipulation rather than on improving production. The second wave of industrial depletion focused attention on the success of other nations, especially