- August 27, 2008
- Posted by: admin
- Category: Blog
How do you think the U.S presidential elections will impact the global technology market or in other words how do you think the new elected government and it’s policies can impact the global technology industry and your business?
A weak dollar and a lack of faith in the judgement of the executive by both Americans and people all over the world is never good for the technology market. An administration that is chronically anti-science both philosophically and economically is also bad for the technology market.
Technology has always moved forward during Democratic administrations. Democrats have their own questionable agendas but each Democratic president of the twentieth century brought about a great stimulation of economic and technical development. Manufacturing and automtotive for Wilson, Nuclear and Electronic technology for Roosevelt, the space program for Kennedy and Johnson, the evolution of semiconductors and proto-internet for Carter, the Internet revolution for Clinton.
A Democratic win this year will signal a new age for the country and, by extension the world. A republican one, despite McCains variance from the Bush administration, will hold to the same economic and international political principles, under stimulating a recessive economy and continuing a furtive, paranoid and secretive style of government. This will be a disaster for everyone and be quite depressing for global technology market with repressed innovation, a weak world economy and the kind of international distrust that is always sad and never beneficial.
Actually, with perhaps the exception of the shift toward online resources (blogging in particular) being documented for posterity as a “paradigm shift” in electioneering, the election will have little to no impact in this area. The US, for all it’s faults, is still not a “command & control” economy, and what the politicos do is of no consequence, except as an example for others. Policy, at least in this arena, is not a “top-down” affair – if it were, there would be no innovation at all. We are electing a President, not an Emperor. He will have Congress to deal with for just about everything, and a lot of those 2006 Democrats are very conservative (or they would not have been elected).
Now, there CAN be some top down incentivisation of tech projects/start-up’s, etc – (a sort of state capitalism model, as opposed to state socialism and corporate welfare), but that mechanism doesn’t exist right now. We don’t have a Dept. of Technology innovation you see. Perhaps the Dept. of Energy can be re-tooled into something like that. From a process perspective, that would make sense – which means it will never happen.
Overall impact is likely negligible – regardless of who gets elected.
Caveat: businesses can expect greater likelihood of tax increases with Democratic Congress, Senate and President. A GOP President would attempt to block some Congressional efforts to increase business taxes.
I don’t think so it will have major impact. But due to weak dollar we can see some impacts on outsourcing and also more taxes will effect big companies’s road maps for next coming years.
IF Obama wins, the rest of the world will take advantage. This will cause infighting between his advisor’s and leading to fundamentally flawed decisions. We will get trounced economically and our military budget will have about the same effect as the FORMER global superpower the USSR.
If McCain wins Global Thermonuclear war is highly probable, in which case all of humanity will have achieved the fundamental goal of equality.
From an Indian perspective I am worried.Obama has already anounced that US companies that offshore are not eligible for tax exemptions.I am sure this will defnitely impact the jobs that are being outsorced out of US.
But in trying to become a popular president & win elections the promises that Obama is making are really worrying from an Indian perspective.I am sure US citizens have a contrasting view 😉
Historically, while Democratic administrations have implemented more regulation and corporate taxes that may negatively impact IT businesses, Republican handling of the IT economy historically favors the IT business sector with lessened (some may say insufficient) regulation, and receptiveness to outsourcing (H1B visas, anyone?) of low to mid-level IT positions, depressing wages in the space, and consequently depressing the growth of the domestic IT pool–both of which cause a ripple effect in the greater economy.
Technology market is increasing rapidly. New Research made quality even better and minimized the prices. There is high competition in the technology market to provide users best and cheap products. That is why technology prices are reducing day by day.
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