Thursday, May 19, 2022
  • Login
CEO North America
  • Home
  • Business
    • Entrepreneur
    • Industry
    • Innovation
    • Management & Leadership
  • Executive Interviews
  • CEO Life
    • Art & Culture
    • Food
    • Health
    • Travel
    • Environment
  • Opinion
  • News
  • Multimedia
No Result
View All Result
  • Home
  • Business
    • Entrepreneur
    • Industry
    • Innovation
    • Management & Leadership
  • Executive Interviews
  • CEO Life
    • Art & Culture
    • Food
    • Health
    • Travel
    • Environment
  • Opinion
  • News
  • Multimedia
No Result
View All Result
CEO North America
No Result
View All Result

A grave national problem

in Opinion
- a grave national problem
Share on FacebookShare on Twitter

There’s a growing divide between the haves and the have-nots in US cities, as a new report from the Brookings Institution shows.

Classical economics tells us markets should eventually reach equilibrium. So for example, people living in New York City would get so fed up with taking a shower in their kitchen they’d relocate to a roomy Victorian in Buffalo, and Buffalo’s economy would benefit.

But in the innovation economy, that hasn’t happened. Instead of places like Buffalo and NYC converging in economic performance, they’re becoming even more unequal. The winners are taking all.

But we have to consider this: Just five metro areas—Boston, San Francisco, San Jose, Seattle, and San Diego—accounted for more than 90% of the nation’s innovation sector growth from 2005 to 2017.

The authors view this regional polarization as a “grave national problem.” So they’ve proposed a call to action.

Congress, assemble!

The authors argue that the federal government should step in and sprinkle Silicon Valley fairy dust across the heartland. This proposed program would set up an application process to select eight to 10 metro areas to inject with up to $700 million per year each for 10 years in direct R&D funding.

The authors accept that there will be counterarguments to their proposal.

How can the government create a tech hub out of thin air? Well, the federal government was instrumental in boosting R&D centers like the Research Triangle in North Carolina.

Isn’t this a short-term fix to a more systemic issue? It’s not the only solution, but it’ll kick start economies in small towns that’ve been left behind.

The debate is a fascinating and important one for the US economy. Would the country get behind such a program? Or should we let growth centers emerge on their own?

Tags: Brookings InstitutionCEOCEO North AmericaCEO NorthamUS cities

Related Posts

Resilient austin becomes hot spot for the economic growth
Opinion

Resilient Austin Becomes Hot Spot for the Economic Growth

Hybrid hiccups: moving to distributed work in the public sector
Opinion

Hybrid Hiccups: Moving to Distributed Work in the Public Sector

What’s possible for the gaming industry in the next dimension?
Opinion

What’s Possible for the Gaming Industry in the Next Dimension?

Developing a digital mindset
Opinion

Developing a Digital Mindset

What utilities can do to secure the emobility future — and their own
Opinion

What Utilities Can Do to Secure the eMobility Future — and Their Own

Digital access for all
Opinion

Digital Access for All

How can you create a growth strategy where everyone wins?
Opinion

How Can You Create a Growth Strategy Where Everyone Wins?

Is crypto’s volatility bad for the financial system?
Opinion

Is Crypto’s Volatility Bad for the Financial System?

How insurers can respond to higher interest rates
Opinion

How Insurers Can Respond to Higher Interest Rates

Building a mutually reinforcing system of organizational and personal resilience
Opinion

Building a Mutually Reinforcing System of Organizational and Personal Resilience

No Result
View All Result

Recent Posts

  • U.S. Soccer Federation Announces Equal Pay Deal
  • Target Reports a 52% Drop in Profit
  • Resilient Austin Becomes Hot Spot for the Economic Growth
  • Powell Says the Fed Will Not Hesitate to Keep Raising Rates
  • Hybrid Hiccups: Moving to Distributed Work in the Public Sector

Recent Comments

    Archives

    Categories

    • Art & Culture
    • Business
    • CEO Life
    • Editor´s Choice
    • Entrepreneur
    • Environment
    • Executive Interviews
    • Food
    • Health
    • Highlights
    • Industry
    • Innovation
    • Issues
    • Management & Leadership
    • Multimedia
    • News
    • Opinion
    • PrimeZone
    • Printed Version
    • Travel
    • Uncategorized

    Meta

    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org

    CEO Latin America | ES

    • CONTACT
    • GENERAL ENQUIRIES
    • ADVERTISING
    • MEDIA KIT
    • DIRECTORY
    • TERMS AND CONDITIONS

     

    AUSTIN

    600, Congress Avenue 14th Floor
    Austin, TX.
    78701
    USA
    +1 512 649 0340

    NEW YORK

    387 Park Ave South,
    New York, NY.
    10016
    USA
    +1 212 796 64 15

    CEO North America © 2022 - Sitemap

    No Result
    View All Result
    • Home
    • Business
      • Entrepreneur
      • Industry
      • Innovation
      • Management & Leadership
    • Executive Interviews
    • CEO Life
      • Art & Culture
      • Food
      • Health
      • Travel
      • Environment
    • Opinion
    • News
    • Multimedia

    © 2022 JNews - Premium WordPress news & magazine theme by Jegtheme.

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    Are you sure want to unlock this post?
    Unlock left : 0
    Are you sure want to cancel subscription?