Posted on 07/08/2008 1:45:46 PM PDT by bs9021
Another National Security Threat by: Melinda Zosh, July 08, 2008
With the Olympics quickly approaching, the worlds eyes are on China and its rising power as a world influence.
Experts at the Heritage Foundation recently said that China now has the third largest economy in the world; it is the second largest after the U.S.
In addition, 2003 marked the first year Chinas GDP reached over one trillion dollars; it hit 1.4 trillion dollars, to be exact. China is a top steel, aluminum and fine copper producer. It has the worlds second largest auto market.
But even more importantly, China is the biggest producer of information-technology (IT) products, according to the panelists. And by IT, they dont just mean producing computers; they mean intelligence or cyber-spying.
China will soon surpass the U.S. in the critical ability to develop science and technology and to turn science into marketable products, said John Tkacik, a Senior Fellow at Heritage, quoting from a study conducted by Georgia Institute of Technology.
Jim ONeill, CEO of CompuDyne Corporation, spoke about Technologys Role in Addressing National and Global Priorities in Baltimore, Md. He argues that apathy toward math and science is preventing the production of marketable products.
ONeill said that America may be losing its technological advantage in the global market. He said that mastering the governing commodity of an era is the key to being number one. However, Americas governing commodity is no longer technology. It is intelligence, according to ONeill.
For many decades, up until thirty or forty years ago, the governing commodity of our age was industrial capacity, said ONeill. On December 7, 1941, the Imperial Japanese Navy had ten aircraft carriers to our seven. By wars end
they had four still floating and we had a hundred....
(Excerpt) Read more at campusreportonline.net ...
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