Innovation in science and technology drives economic growth. For many years, the United States has led the world in developing innovations in science, engineering and manufacturing. Today, we are in serious peril of losing our preeminent position at the leading edge of technological innovation.
Outsourcing components and farming out manufacturing are nothing new. American companies have increasingly done both for decades; early on they were off-loading production to plants in Mexico, then to the Far East and Taiwan, now to China, India and elsewhere.