Mastering a New Role Shaping Technology Policy for National Economic Performance (1993) / Chapter Skim
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Executive Summary
Executive Summary
Pages 1-6
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The burden of meeting this challenge lies primarily with private companies operating in competitive markets. However, both state and federal governments must contribute significantly to this mission by stimulating more effective development and use of technology throughout the economy.
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80-831. · Lack of a strong institutional structure for federal technology policy in support of economic development and the segregation of technology policy from domestic and foreign economic policy at the federal level (Chapter 1, pp.
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Public technology policies for economic development should be shaped by market forces and should enlist market mechanisms and the capabilities of the private sector to the greatest extent possible. Given the difficulty of the task, and the federal government's relative inexperience in technology policies designed explicitly to foster national economic growth, the U.S.
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These include high technical risk "pathbreaking" technologies that create new industries or transform existing industries, and low technical risk, difficult-to-appropriate, "infrastructural" technologies that enhance the performance of a broad spectrum of firms or industries. For these reasons, the committee recommends that the federal government, building on the lessons of recent policy experiments, take the following actions (Chapter 4, pp.
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establishing a technology and trade committee of the Federal Coordinating Council for Science, Engineering, and Technology, and (3) making the integration of technology policy with domestic and foreign economic policy an explicit objective of the newly created National Economic Council.
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· Promote the coordination of trade policy, foreign investment policy, macroeconomic policy, tax policy, public-sector procurement, regulatory policy, work force training, technology extension, public technology investment selection, and other elements of U.S. economic and technology policy.
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