Silicon Valley and its lesson for Europe

Article Abstract:

Europeans are concerned about the growing gap in high technology between themselves and their competitors in the U.S. and Japan. Prior to establishing any national policy regarding high technology, there are four questions European businessmen should seek answers to: (1) should high technology be targeted as a source of increased employment? (2) what are the options with respect to high technology? (3) what policies should be pursued domestically and which should be left to the European Economic Community? and (4) what lessons can be learned from California's Silicon Valley experience? Analysis of these questions may lead to the conclusions that high technology is not an end in itself, technological leadership may not be a viable policy for Europe, and Europeans should not imitate Americans in this area.

Europe, Computer industry, Silicon Valley, European Economic Community

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'Clintech' draws mixed reviews

Article Abstract:

High technology executives have expressed differing sentiments about the technology policy of the Clinton administration. Some executives agree that the new administration should not prioritize any particular industries without a comprehensive understanding of the different sectors' mechanisms. Majority of executives, however, are evidently appreciative of the business incentives plans of the government. The issue of investment tax credits, on the other hand, is criticized by many particularly software developers and marketers.

Manufacturing industries, not elsewhere classified, United States, Analysis, Clinton, Bill, Science and technology policy, Technology and state, Technology policy

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Europe's budget puzzle

Article Abstract:

A number of European countries are preparing their budgets for 1997, to be presented in Sep and Oct 1996. European budgets are tending to focus on control of spending in order to reduce public sector borrowing. Economists see this as likely to dampen economic growth, though there is no certainty. Tight fiscal policy could lead to lower interest rates which would boost economic growth. Tight policy could also lead to higher consumer spending in the expectation of tax cuts.

Economic aspects, Fiscal policy, Western Europe

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