The role of high-tech industry in promoting American economic growth

High-tech is conducive to improving the utilization rate of American resources, thus achieving low input and high efficiency. It has promoted the rapid development of the economy. The monopoly of science and technology in the United States means that 42% of the world's patented technology is in the United States, which means that other countries have to pay extra patent fees to use products, thus improving economic development.

To maintain America's scientific and technological superiority, encourage R&D investment and improve industrial competitiveness, Clinton put the improvement of American scientific and technological competitiveness at the strategic height of the government for the first time, and he declared that he would "lead the United States to participate in global economic competition and win". High-tech has made the United States a superpower, with an absolute position, and turned the common currency of the world into dollars, which is conducive to the economic regulation of the United States. Implementing a proactive export policy has promoted the export of high-tech products, expanded foreign trade and promoted economic development. Examples are as follows: By the end of the 20th century, seven industries related to the "Star Wars Plan" had increased the gross national product of the United States by 65 billion dollars, which greatly promoted the rapid growth of the American economy. Clinton implemented the National Information Infrastructure Action Plan. During his eight years in power, the economy continued to grow, and its influence has continued to this day.