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Analysts from Merrill Lynch and JMP Securities agreed, n...

The conference illustrates the crucial role prominent scientific research plays in a country's future success and its economic wealth.

In the numerous PowerPoint presentations given by authorities in many fields, it becomes clear that technology offers enormous opportunities for the future, and that it is easy for some societies to miss the boat.Enriquez knows that countries that emphasize the importance of science will be the future leaders.

And he sees that the United States - despite, for example, the leading position of the University of California, San Diego - is increasingly losing ground.

He believes this is a sign of America's waning strength.

"The future depends on how you treat people today," he says, noting that the performance of the U.S.

in this regard is not particularly great.The U.S.

national debt, topping $8 trillion, is a troubling illustration of the fact that the United States is squandering its future.

"From time immemorial the last thing a government does is drive the country to bankruptcy," Enriquez observes.

"You cannot spend five to six percent more than the country earns every ...