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Linking Trade and Technology Policies An International Comparison of the Policies of Industrialized Nations (1992) / Chapter Skim
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5. SUMARY OF PANEL DISCUSSION
Pages 60-64

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From page 60...
... In this picture, the declining position of the United States in science-based industries like electronics comes into view (see Guerrieri, in this volume, Figure 21. At the next step out on the zoom lens, one sees that the biggest shift has occurred in the growth of Japan's strength in specialized supplier industries (mechanical engineering, machine tools)
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From page 61...
... Yoshida cautioned against linking technology and trade policies; he called for attention to production, marketing, and human resources, as well as the macro environment. Comments from the audience, however, highlighted concerns about the perceived negative impacts of foreign industrial targeting practices on the United States.
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From page 62...
... Sharp suggested that a genuinely level playing field would involve the formation of a single world financial market with a single interest rate structure but doubted how feasible this was. Robert Lawrence commented that corporate governance mechanisms in the United States give undue weight to transactional rather than long-term investors and suggested that we may need to change the incentive structure to address this problem.
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From page 63...
... Yoshida's $19.9 billion figure is significantly lower than either of the Commerce Department's estimates for U.S. manufacturing sales of Japanese affiliates, these estimates being based on two different methods of data aggregation.
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Key Terms

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  • commerce department

  • japanese government
  • manufacturing firms
  • trade statistics
  • government statistics
  • machine tools

  • industry policies
  • ultimately improve
  • official japanese
  • industrial targeting
  • japan imported

  • global questions
  • organizational mode
  • commercial technology
  • industrial linkages
  • firms operating

  • provide direct
  • raise global
  • gloomy predictions
  • global perspective
  • shifting comparative

  • tax credits
  • guerrieri called
  • automobile industry
  • single world
  • increase penalties


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