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Globalisation and technological innovation are bringing about long-term changes in the world economy that are altering the structure of the labour market.
Forbidding as the potential tools of technological adversaries may be on a long-term basis, the data breach anxiety is just one part of a larger crisis management malaise.
This has left the big independent oil companies scratching around for alternatives that play to their technological prowess and their ability to secure long-term investment.
Cases such as strategic bombing, blackouts, natural disasters, and terrorist attacks have not typically led to total or long-term collapse of social, economic, or technological systems.
Any one of these technological solutions would be extremely costly and necessitate a long-term investment.
Even with price shocks due to technological changes and rapid globalization, prices in the short-term and long-run were more stable than at any other time in American history.
Facing such intense global competition, and with Recovery Act funds poised to expire soon, sending U.S. clean energy markets off a clean tech funding cliff, the U.S. is in dire need of a long-term clean energy investment strategy to regain economic and technological leadership in this new growth sector.
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We believe that this type of technological advancement puts IBM in a position for upside over the long-term.
It is sad but true, however, that during past technological revolutions few of the companies that pioneered the change proved to be good long-term investments.
Would the search for short-term profits prompt a U.S. companies to sell the United States' technological "seed-corn, " and in so doing make it likely that this country would shortly become a net importer, instead of an exporter, of derivative products?
Thus, without even considering the technological advancements that would be made were oil shale to be returned to, oil shale is a long-term, sensible solution literally right beneath our feet.
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