Science and Innovation will not save the fiscal cliff; ASEAN point of view (Reflection from Robert J. Gordon Wall Street Journal)
Saving the fiscal dilemma of US is the main concern not only
to the US citizens but also to the people who are investing their monetary
resources in United States. As the
unstoppable monetary decline of US continues to hurt the general public of United
States, likewise countries around the world are also affected with the unfortunate
event. Upon reading the article of
Robert J. Gordon, I come to recall the past innovative inventions of US given to
the world. From cars (Ford Motors) to
Washing machines…all are the innovative contribution of US to the world.
At present the research and innovation of United
States still dominates the world were innovations of smart phones computer
platforms, for example, will be the answer to the future of marketing. All of the modern concepts in marketing,
science and technology are still from the dynamic and unique university diverse
population which gives every student the freedom to innovate inventions and
ideas from scratch. In the contrary, we
can observe the continuous decline of the US economy at present; I believe that
with the US robust knowledge in research and innovation they can still find the
sweet spot for the revival of its economy.
As an ASEAN perspective we can compare the existing US
market and ASEAN market that despite the extreme difference of US and ASEAN technology,
still we can read from our daily news that “US financial market is in a decline
and ASEAN countries are emerging”, so where is the fault line that will reverse
the logic of the relationship of advance technology and national income. Thus, we can clearly observe in our daily news
that the level of research and technologies being used by US experts to sell
their products worldwide sometimes it’s not in accordance to the actual market
situation in many parts of the world.
To
support this notion we can view the scenarios in 3rd world countries
were US products cannot penetrate the local market due to the high technology
nature of the products that sometimes local prospected customers cannot find
the reasonable idea to use it. In reverse,
ASEAN products or products from emerging countries are sellable in 1st
world countries or US in particular due to the fact that ASEAN or Emerging
Countries are selling raw materials for manufacturing high technology products.
Therefore, we can further see that US products are lacking
international customers at this time. Comparing
the US International marketing dominance after WW2 were all people around the
world are craving for US products.
Basing from the article, we can analyze that more financial manipulation
will either worsen or minimize the problem only, but it will not totally solve
the overall problem. But with the implication of basic marketing of buying and
selling, the ASEAN raw materials from natural resources are more needed to
maximize such resources to other high technology products and energy
resources. Indeed, collaborating
economic programs from east to west using the policies of international trade
will allow the research and innovation of 1st world countries to be
used in 3rd world countries to hasten and maximize the production of
raw products such as gold, copper, oil, rubber, pearls, and other precious
minerals that we can seldom find from other regions of the world. Using the concepts from universities in 1st
world countries will lessen the poverty rate of a given 3rd world
country and in return, emerging countries can contribute to the resource needed
for advance production in 1st world countries.
Such that, the continued collaboration of
knowledge from US and the ASEAN emerging markets will continue, a gradual
change of market behavior from the emerging market will emerge were in acceptance
of high technology products in emerging nations is a need and necessity. From this point in time US product can have
the “sweet spot” not only to the emerging markets but throughout the world.
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