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International Friction and Cooperation in High-Technology Development and Trade Papers and Proceedings (1997) / Chapter Skim
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Concluding Remarks
Pages 230-236

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From page 230...
... Success in a fiercely competitive global marketplace depends most on all the abilities to develop and quickly bring to market well-designed, highly reliable goods for sale at reasonable prices. A great deal of this success depends, in turn, on private sector managers, the ability to learn and to put into practice the lessons of lean management and good use of human resources.
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From page 231...
... Government partnership fosters a technological advance that might otherwise not be made, or would be made in foreign countries with most of the benefits going to their citi zens. The United States has had some outstanding successes with governmentindustry partnerships.
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From page 232...
... For Spain or Taiwan, 80 percent or more of their investments are in nondefense R&D. The United States would like to believe that it has an aggressive private sector area and that it does not have to worry because, while other nations' governments make investments in R&D, U.S.
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From page 233...
... Nevertheless, if the United States is underinvesting as a nation, if it is underinvesting in the private sector and the results indicate that we are not doing so well, this does not seem to be a very good time to be cutting those investments and increasing the investments in the defense area by sacrificing those in the nondefense areas. We will be doing our best to encourage Congress to understand the danger of this to our nation and to our economy.
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From page 234...
... STEPHEN COONEY: Despite what was said yesterday about causality, the fact is that the very large trade deficits began in the United States after the very large budget deficits started. Most of the executives that I talk to both in Germany and in the United States believe that it does not matter how the United States cuts the trade deficit the first priority is to cut the budget deficit.
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From page 235...
... Worldwide, there are more than 20 DRAM suppliers, and their prices have historically declined in accordance with the semiconductor learning-curve theory. This strong competition, which is clearly present today, is a primary cause of declining prices for personal computers and other electronic products powered by semiconductors.
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Key Terms

  • budget deficit
  • defense spending
  • process development
  • technological advance
  • competitive success

  • world trade
  • trade agreement
  • extension services
  • national investments
  • primary cause

  • lifelong learning
  • broadly enabling
  • rapid worldwide
  • major players
  • reasonable prices

  • accelerating pace
  • reduces costs
  • fiercely competitive
  • foster competitive
  • major semiconductor

  • worldwide diffusion
  • intensely competitive
  • achieves widely
  • overall goal
  • development alliance

  • percentage growth
  • congress include
  • business practices
  • mentioned earlier
  • products powered


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