ogy had been discussed in detail at the symposium, he said; for the economics, however, we have to understand how prices and product quality in the industry are determined.

The roadmap describes the opportunities and a possible scenario. Without telling us what is actually going to happen, this does provide the factual basis for an economic analysis of product cycles in this industry. Depending on the outcome, the nation will see a different outcome for the growth of our economy.

In Conclusion, a Call for Better Data

He called attention in closing to the serious gaps in data that prevent a full accounting of semiconductor-related prices. He reiterated that software had been part of our national accounts for only 2 years. Telecom equipment was included in the national accounts, as it had been for many years, but the prices did not include fiber optics, which is fundamental to the future of the industry. He concluded with a call for more and better data in order to assist a better understanding of the nation’s productivity and growth.

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