By Simon Johnson.
This post draws on points discussed in class #7 of Entrepreneurship without Borders, a course at MIT Sloan. More details on the course are here.
With the US government in partial shutdown (including suspending a significant amount of research and development activity) and the very real threat of a default on US government debt looming, now is a good time to ask – can the US maintain its edge in technology-based entrepreneurship? What would it take to squander the advantages we currently have? Can other countries catch up or surpass us on this important dimension that matters a great deal for technological innovation, productivity improvement, and job growth? Continue reading