Authors: Laura D'Andrea Tyson
Addresses: Department of Economics, and Berkeley Roundtable on the International Economy, University of California, Berkeley, USA
Abstract: The deterioration in the US trade deficit and a perception that the USA is becoming uncompetitive in world markets for goods and services have led some observers to suggest that the country should develop a national policy on competitiveness. The author looks to Japan as an example of a nation which has pursued a successful economic and industrial policy, to see whether lessons can be learned for the USA. She suggests that the USA should develop promotional policies to support R&D, investment, and national competitive advantage in research-intensive, high-technology industries.
Keywords: competitiveness policy, industrial policy; productivity; USA; United States; Japan; trade deficit; R&D; investment; research-intensive industries; high technology; high tech industries; research and development.
International Journal of Technology Management, 1990 Vol.5 No.3, pp.245 - 257
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