Responding to the challenge of HDTV

Article Abstract:

The United States must regain a foothold in consumer electronics if it is to safeguard its economic and security interests. Participation in future markets for high definition television (HDTV) may be the right vehicle for doing this. But because the U.S. consumer electronics industry has been greatly reduced in size and technological capability since the 1960s, it will be necessary to pursue a short-term strategy of cooperation with foreign-owned firms in developing and manufacturing HDTV systems together with a long-term strategy of building indigenous strength in underlying technologies such as displays, consumer chips, and electronics manufacturing. A combination of economy-wide and industry-specific measures is called for. Economy-wide measures should focus on increasing the rate of investment; industry-specific measures should focus on developing generic technologies through R&D consortia. The likely governmental role in approving the participation of foreign firms in publicly funded R&D consortia gives it an opportunity to define "good behavior" on the part of both domestic and foreign firms operating in the U.S. (Reprinted by permission of the publisher.)

Research, Product development, Consumer electronics industry, International aspects, Technological innovations, High-definition television, High definition television

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Old economic logic in the new economy

Article Abstract:

The unusually strong performance of the American economy has prompted a debate about whether there is a "new economy." However, the real debate is not whether the America economy has changed - it clearly has - but rather whether these changes have fundamentally altered the historical relationship between inflation and unemployment or have affected the economy's maximum rate of growth. While technological advances and globalization do appear to have created the potential for better economic performance, sound domestic and international economic policies remain essential. (Reprinted by permission of the publisher.)

Analysis, United States economic conditions

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Managing trade by rules and outcomes

Article Abstract:

Case studies of the efforts of Motorola and Cray Supercomputer to sell their products in Japan and reveal the varied structural impediments limiting foreign access to the Japanese marketplace. In both of these cases, U.S. trade policy was used to improve market access with limited but largely beneficial results. The case studies demonstrate that in the presence of the unique structural features of Japanese business and government organization, something akin to "managing trade" is sometimes required to achieve something amin to competitive outcome. (Reprinted by permission of the publisher.)

Electronic computers, United States, Case studies, Japan, Laws, regulations and rules, International trade, Motorola Inc., International trade regulation, Free trade, Cray Computer Corp.

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