Keynote: How America is Reinventing Itself and Innovation is Globalizing

I (1.5)
8:30 AM - 9:45 AM
A common belief is that the sun is setting on the U.S. empire and that China is about to leapfrog the U.S. in economic terms—and in innovation. In addition to economic disadvantages, naysayers have long cited graduation data purporting to show that the U.S. is falling behind in mathematics and science education and have predicted that the U.S. will lose it global advantage because China and India graduate more engineers than does the U.S. China, India, and the rest of the world are now innovating as never before. But it isn’t their governments or education systems that are giving them the advantage—it is their nascent entrepreneurs. They are leading the way in innovation and helping the countries transform themselves. And contrary to popular belief, America is getting further ahead in innovation, it isn’t lagging. The U.S. is reinventing itself, just as it does every 30 or 40 years.

In this talk, Vivek Wadhwa will explain how exponential technologies are about to cause major disruption in several U.S. industries—but they will wreak havoc on the economies of countries such as China and Russia and the Middle East. That is because manufacturing is once again becoming a local industry and is coming back to the U.S., thanks to robotics and 3D printing; because energy prices, which fell temporarily because of fracking, will fall permanently because of advances in alternative, clean energies such as solar, wind, and geothermal; and because advances in artificial intelligence and computing are automating knowledge work.

Some countries will win in a big way and others will lose. Wadhwa will discuss his research on education and innovation in countries such as India and China and put this in the context of today’s exponential technology advances. He will discuss the opportunities and perils for countries that these technologies are introducing.

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