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December 6th, 2004
Technology: The Great Growth Hope
Several technology areas have the potential for driving local growth. These include telecom, biotech, energy, nanotech, and space, each with its own positives and negatives.
Or take nanotech, which covers a range of new technologies, all of which have to do with building new materials up from individual atoms for a variety of purposes. Nanotech can potentially revolutionize manufacturing -- which in many industries has been technologically stagnant -- and thus help stem or even reverse the massive outflow of factory jobs. The problem, though, is that nanotech is still in the very early stages, meaning that it's very high-risk.
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