The paper presents a new sectoral taxonomy that combines manufacturing and service industries within the same general framework. This exercise is relevant because it seeks to achieve a greater integration between the study of sectoral patterns of innovation in manufacturing and services, and to...

Remarks before the U.S.-China Business Council, the Coalition of Service Industries and the American Council of Life Insurers, Washington, D.C., May 14, 2007 ; "The service sector may not be as noisy or get as much analytical or political attention as the manufacturing sector, but it has a...

Remarks before the Southern Governors' Association 73rd Annual Meeting, Biloxi, Mississippi, August 25, 2007. ; "There is no great secret about how to lay the groundwork for Southern states' success in harvesting and harnessing--in mastering--globalization. The key to adapting to and profiting...

Delivered to the North Dallas Chamber of Commerce Seventh Annual Real Estate Symposium, Dallas, Texas, September 24, 2007. ; "The vital capital stock of our modern economy is not our buildings or our factories or our farms. It is our brains. It is our ability to conjure new and better ideas,...

"The United States, like Chicago, can continue to prosper only if it faces economic change head-on, choosing to compete rather than retreat, seeking out new opportunities in a globalizing economy, where goods, services, money and ideas flow freely across international borders." ; Remarks before...

"While it seems pretty clear that economic momentum is slowing, the jury is out on whether lesser momentum will be sufficient to translate into relief on the price front over the intermediate to longer term. In East Texas parlance, 'It might could but it mightn't'; it most definitely has not...

"In the world of "superfine processes" of the Knowledge Age, digits are the new widgets. The brain is to the Knowledge Age and the mastery of digits what the engine was to the Manufacturing Age and the management of widgets. Education is the steam and the oil and the gas that propel that engine....

Remarks before the Houston World Affairs Council, Houston, Texas, April 13, 2007 ; "We need new and better tools to help us determine just how globalization is affecting economies around the world, and how policymakers can reap benefits from these insights. Getting it right may well alter our...

Remarks to the Rotary Club of Dallas, Dallas, Texas, June 13, 2007. ; "Economists may quibble about widgets and whatnot, but they are united on this: Education pays off. There's an irrefutable positive link between education and income. We see it across countries, between individuals, in...