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The process of development in recent times has been characteristically marked by the expanding reach of multinational enterprises, flows of foreign direct investment, unprecedented growth of information and communication technologies (ICT) and knowledge-based industries, and infusion of ICT across the entire spectrum of industries and activities. High-tech knowledge-based industries like information technology, biotechnology, pharmaceuticals and so on have played an important role in the transition of Chinese and Indian economies—the two largest and fastest growing economies. This inter-disciplinary book offers an in-depth understanding of the behaviour of firms in these industries, analysing the strategies they adopt in a globally competitive environment, the role they have played in ushering in the growth revolution in China and India, and the contribution they have made to the nature and growth of employment. This study also dwells upon the emerging nature of scientific and technological developments like nanotechnology, novel materials, spintronics and quantum computers, with the conclusion that in the future, knowledge and technology are going to be the real sources of wealth for nations.

Rural America is at a crossroads in its economic development. Like regions of other First World nations, the traditional economic base of rural communities in the United States is rapidly deteriorating. Natural resources, including agriculture, show little prospect for generating future job growth, and manufacturing has become a new source of instability. Faced with these changes and an increasing vulnerability to international economic events, rural communities have begun to seek high-technology industries and advanced services as candidates for job growth and economic stability. What is the potential for high-tech growth outside the largest cities? What is the role of high-tech industry in the economic development of non-metropolitan America? This book provides a hard-nosed look at the high-tech potential in rural economic development. Some of the questions Glasmeier addresses include: Are rural areas attractive to high tech? Will high tech follow earlier patterns and filter down the lowest-paid jobs to rural areas? Will rural communities be bypassed completely for even lower-wage Third World locations? Glasmeier answers in a sober analysis that separates fact from myth. Empirical data reveals the kinds of high-tech jobs that locate in rural areas, and the kinds of rural areas that attract high-tech jobs. This analysis leads to a highly critical evaluation of state and local economic development policy and recommendations for its improvement. This book is a must for policymakers, practitioners, scholars, and an informed public interested in the promise of high tech and the future of US economic development.

Andy Stern, one of the most visionary leaders in America today, has fought relentlessly to ensure that Americans' hard work is rewarded in today's hypercompetitive, globalized world. As the newsmaking president of the fastest-growing, most dynamic union in America, he has led the charge for modernizing the "house of labor" -- taking unions out of the past and into the twenty-first century. He has spearheaded the campaign against the "Wal-Marting" of jobs and has innovated transformative solutions to the daunting problems facing Americans, from job insecurity to runaway health care costs. In this powerful critique and call-to-arms, he offers a revelatory dissection of the gathering threats to our standard of living -- threats that our politicians have failed utterly to address -- and he puts forth a bold, unassailable plan for making vital reforms. In his eye-opening diagnosis that makes the urgency of the threats vividly clear, Stern shows that Americans are contending with the most disruptive economic upheaval in the world economy since the Industrial Revolution. Yet, in the face of this daunting challenge, the American system simply isn't working well enough for most of us. Stern powerfully portrays how with the pace of globalization relentlessly quickening, the competitive pressures on our jobs and quality of life are heating up even more, especially as housing, health care, and oil prices skyrocket. While CEO salaries soar and business and the wealthy are handed plentiful tax shelters, the incomes of both white-collar and blue-collar workers stagnate, leaving most Americans struggling to pay off ever-escalating debt, instead of saving for retirement. The plain fact is that our system is out of whack, serving the interests of the top sliver of the most wealthy while putting the squeeze on the rest of us. Meanwhile, our politicians irresponsibly sidestep the crucial solutions that we so desperately need in order to make sure Americans can move into the twenty-first century with their futures secure. As Stern so persuasively shows, it is time for bold thinking and creative solutions to overhaul a health care system in crisis; correct a tax system rigged in favor of business and the wealthy; revamp our inadequate retirement system; and make truly innovative improvements in education. He presents a set of course-correction reforms so compelling, simple, and achievable that readers will find themselves enraged that they haven't yet been enacted. Americans have a right to expect our government to work for us. Andy Stern shows how we can get things back on track to make sure it does.