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II Introduction
Pages 1-4

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From page 1... ... Whatever prior experience in human history one chooses to look at -- the introduction of widespread use of the horse, iron, steam generation in the industrial revolution, or the internal combustion engine -- there has been no period like the present. Biotechnology is yielding genetically altered foods, medicines, and animals. Read the entire page →
From page 2... ... Vulnerability to change, seen by some to be increased by the openness of international borders, is becoming a more prominent subject for policy debates, though less frequently for careful analysis. Past experience is not a reliable predictor of the future, but it will inform judgments as policymakers consider the most appropriate international framework of rules and processes under which governments will interact, how they will deal with friction, and how they will consider cooperation in the development of high-technology goods and services and in the resulting competition and trade. Read the entire page →
From page 3... ... Although there is a growing theoretical basis for governments' concern and for their support of high-technology industries, the analysis here places less emphasis on underlying economic theory and more on the practical steps that policymakers might take to achieve legitimate societal goals while minimizing friction and engaging in cooperation with their rivals, partners, and neighbors. There are growing pressures for greater cooperation -- cost, technique, technology, market access, and shared risk drive cooperation across national borders. Read the entire page →
From page 4... ... for essential government functions that avoids distortion of markets; • The formation of national and international consortia to reduce risks and costs associated with new technologies and standards; • Increased openness of national programs to qualified foreign entities; • Effective protection of international property rights to encourage in novation and commerce; • The curbing of injurious subsidization; • Elimination of distortions of international investment flows due to restrictions or excessive incentives; • Elimination of other distortive government measures, such as tariffs, discriminatory public procurement, offsets, and exclusionary standards and certification requirements; and • Prevention of the frustration, through private anticompetitive prac tices, of efforts to attain the above objectives. The Steering Committee also called for a series of specific areas for further research to provide a sound basis on which policy could be made. Read the entire page →

From page 1...

... Whatever prior experience in human history one chooses to look at -- the introduction of widespread use of the horse, iron, steam generation in the industrial revolution, or the internal combustion engine -- there has been no period like the present. Biotechnology is yielding genetically altered foods, medicines, and animals.

Read the entire page →

From page 2...

... Vulnerability to change, seen by some to be increased by the openness of international borders, is becoming a more prominent subject for policy debates, though less frequently for careful analysis. Past experience is not a reliable predictor of the future, but it will inform judgments as policymakers consider the most appropriate international framework of rules and processes under which governments will interact, how they will deal with friction, and how they will consider cooperation in the development of high-technology goods and services and in the resulting competition and trade.

Read the entire page →

From page 3...

... Although there is a growing theoretical basis for governments' concern and for their support of high-technology industries, the analysis here places less emphasis on underlying economic theory and more on the practical steps that policymakers might take to achieve legitimate societal goals while minimizing friction and engaging in cooperation with their rivals, partners, and neighbors. There are growing pressures for greater cooperation -- cost, technique, technology, market access, and shared risk drive cooperation across national borders.

Read the entire page →

From page 4...

... for essential government functions that avoids distortion of markets; • The formation of national and international consortia to reduce risks and costs associated with new technologies and standards; • Increased openness of national programs to qualified foreign entities; • Effective protection of international property rights to encourage in novation and commerce; • The curbing of injurious subsidization; • Elimination of distortions of international investment flows due to restrictions or excessive incentives; • Elimination of other distortive government measures, such as tariffs, discriminatory public procurement, offsets, and exclusionary standards and certification requirements; and • Prevention of the frustration, through private anticompetitive prac tices, of efforts to attain the above objectives. The Steering Committee also called for a series of specific areas for further research to provide a sound basis on which policy could be made.

Read the entire page →

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II Introduction Pages 1-4

II Introduction
Pages 1-4