U.S. Business Cannot Ignore the Importance of the New Economy

Last year, despite Europe's budget woes, the European Union announced that it was spending €1.8 billion ($2,423,520,000) for the period 2014-2020 (to) "boost their cultural and creative industries,' which, they said, "are a major source of jobs and growth in Europe."

The U.S. meanwhile is doing too little to prepare itself for the creative and innovative age: The U.S. education system isn't yet educating for the new economy; cities and town across America are not yet renewing their communities with the broadband infrastructures at affordable costs, or providing the public art and architecture of the creative economy; and business has not yet stepped up the plate either.

Some years ago Business Week Magazine (BW) the leading publication for business said: "The game is changing... It isn't just about math and science anymore (Although those are surely important disciplines). It's about creativity, imagination, and, above all, innovation."

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