Word: freemans
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Dates: during 2000-2009
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...Freeman attributes the U.S.’s earlier dominance in science and engineering to market capitalism, which gave it an economic advantage over command economies like the USSR and China. As those countries turn to market capitalism, the U.S. will begin to lose its lead, he said...
...Freeman suggested that this shift might come as a result of globalization, which has gradually offered developing countries access to better education...
Today, Europe produces more science and engineering Ph.D.’s than the United States, and Freeman predicted that China will outpace...
...particular, Freeman said that the current trend will lead to a decline in U.S. power, since the nation’s global standing rests on its preeminence in science and engineering...
...Freeman also attributed this decline to weakening science and engineering job markets in the United States. If wages are too low, American students will not be drawn into the industry...