Posted on 10/06/06
Reinventing the wheel: Invest today in tomorrow's technologies
Investors looking for the next big thing, meet the world-renowned economist Richard Lipsey.Mr. Lipsey is a Canadian who has just co-written a book called Economic Transformations: General Purpose Technologies and Long Term Economic Growth. The book tells us that the computer revolution is coming to a close, and that the next technological transformation will come from biotechnology, which has applications in such areas as health care, food production and industry (example: bacteria that eat pollution). The next revolution after that will be nanotechnology, which is about producing materials and devices that are tiny -- even microscopic -- in size.
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