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4. Conclusions and Recommendations
Pages 52-56

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From page 52...
... advanced technology enterprise has been undervalued in the past and now must be placed as one of the nation's most valued objectives. The panel has described also how the United States may negotiate internationally to strengthen the international trading system in harmony with healthy, mutually beneficial trading relations, and how the United States may respond should these international efforts fail.
From page 53...
... performance in advanced technology and trade rests to a large degree with the individual firm and its management. Successful managers increasingly will have to be cognizant of frontier technologies as they build businesses and compete in an international world.
From page 54...
... These vital interests must be well understood domestically and conveyed to our trading partners. The United States must initiate a two-part strategy: to maintain the nation's canacitv for technological innovation and to foster an open healthy international trading system.
From page 55...
... The panel concludes that the advanced technology enterprise has the potential to contribute significantly to economic and social welfare, both in the United States and throughout the world. It is essential that the industrialized allies work individually and cooperatively toward advanced technology development and a healthy free trade system for their mutual benefit.


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