Most modern industrialized societies have a centralized office that promotes the development of technology, e.g., Japan's METI (Ministry of Economy, Trade and Industry). America does not have such an office, yet we have been one of the world's leaders in the development of new and innovative technological development. Some observers claim that the patent system has played a major positive role, while detractors claim that it has done more to inhibit rather than stimulate innovation and technological development.
discuss the following:
• Should the U.S. have a centralized agency that promotes technological advancement?
• What obstacles would such an agency confront in the American political system?
• Identify several factors that have contributed to the U.S. being a world leader in technological advancement and development.