There is considerable interest in the policy community in a better understanding of the technological drivers and appropriate regulatory framework for the New Economy, as well as in a better grasp of its operation. This interest is reflected in the support on the part of agencies that have played a role in the creation and development of the New Economy. We are grateful for the participation and the contributions of the National Aeronautics and Space Administration, the Department of Energy, the National Institute of Standards and Technology, and Sandia National Laboratories.

Several members of the STEP staff deserve recognition for their contributions to the preparation of this report. We are once again indebted to Alan Anderson for his preparation of the meeting summary and his contribution to the introduction. We wish to thank Sujai Shivakumar, who recently joined the STEP team, for his many contributions to the report. We are also indebted to David E. Dierksheide and McAlister Clabaugh, who have once again played an instrumental role both in preparing the conference and, with Christopher Hayter, helped prepare this report for publication.


This report has been reviewed in draft form by individuals chosen for their diverse perspectives and technical expertise, in accordance with procedures approved by the NRC’s Report Review Committee. The purpose of this independent review is to provide candid and critical comments that will assist the institution in making its published report as sound as possible and to ensure that the report meets institutional standards for objectivity, evidence, and responsiveness to the study charge. The review comments and draft manuscript remain confidential to protect the integrity of the deliberative process. We wish to thank the following individuals for their review of this report: Dr. Martin N. Baily, Institute for International Economics; Dr. Kenneth Flamm; Lyndon B. Johnson School of Public Affairs, University of Texas; Dr. Barbara M. Fraumeni, Bureau of Economic Analysis; Dr. Robin Gaster, North Atlantic Research, Inc.; and Dr. Daryl Hatano, Semiconductor Industry Association.

Although the reviewers listed above have provided many constructive comments and suggestions, they were not asked to endorse the conclusions or recommendations, nor did they see the final draft of the report before its release. The review of this report was overseen by Dr. Robert White, University Professor and Director, Data Storage Systems Center, Carnegie Mellon University. Appointed by the National Research Council, he was responsible for making certain that an independent examination of this report was carried out in accordance with institutional procedures and that all review comments were carefully considered. Responsibility for the final content of this report rests entirely with the authoring committee and the institution.

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