Word: developers
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Dates: during 1980-1989
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CLEARLY America's industrial base has eroded in recent years as the record Reagan budget deficits have drained private savings from badly-needed investment. Federal investment in civilian research and development has fallen 27 percent in real terms since 1981; America's failure to adapt and develop new technology has led to rapid declines in productivity. The United States has been borrowing abroad in record levels for the purpose of consumption, rather than investment...
MOST economic experts agree that the trade deficit is the result of more than an overvalued dollar. American industry is getting beaten in the world market by being slow to innovate. Surpluses that foreign countries channel into research and development are divied up by American companies as short-term profits. While foreign governments help develop new competitive advantages for their companies, our elected leaders allow Wall Street executives to squander time and money on corporate takeovers, which produce nothing...
...wind and hydroelectric power can be generated at only a relatively few sites, and so governments should redouble financing for research to develop efficient, low-cost photovoltaic power. Photovoltaic cells, which produce electric current when bathed in sunlight, were briefly in vogue during the energy crises of the 1970s, and while public attention and Government funding have waned, research into the technology has continued. "The capital costs have come down from about $50 a peak watt to $5," said Speth. If they drop to $1, solar power will become competitive. That could happen without significant Government research support...
...University of California at Riverside, plant physiologist Anthony Hall is working on a way to make cowpeas more tolerant to heat. Other scientists are using genetic engineering to transfer genes from bacteria that act like natural insecticides. But though they have tried, scientists have not yet been able to develop farm crops that are drought resistant. Says Hall: "You can't grow plants without water...
...heritage. In 1972, 350 hectares of land owned by American Quakers who had settled the region in the 1950s were set aside as a private reserve. Over the years that has grown to 10,500 hectares. One key to preserving this huge area was to allow local people to develop a tourist business. In five years the annual number of visitors has gone from 6,000 to 15,000, and could climb to more than 30,000 when a new road up from the plain is built. That success shows that forests can produce income without being destroyed...