Technology Transfer and the New Economy

This article originally appeared in the Exempt Organization Tax Review,a publication of Tax Analysts.

The presidential debates put in sharp relief the challenges facing the United States economy regarding rising deficits, underfunded liabilities for Social Security, Medicare, and health care. Outsourcing of jobs has created dislocations and job losses and lessening of employment opportunities throughout the United States and particularly in the economically depressed areas that once were the engines of our economy that fueled our quality of life. It is clear we must find new paths to rebuild our economic base. Both presidential candidates spoke about improving education as a means of raising living standards and the aspirations of those mired in low paying jobs or who have no work at all. What we need to focus on now is how do we combine the creative talents of the American people and America's institutions, both commercial and nonprofit, to develop the innovative