Europe 1992 The Implications of Market Integration for R & D-Intensive Firms (1991) / Chapter Skim
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The View from Congress
The View from Congress
Pages 47-55
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From page 47... ...
Those of you who are familiar with the Congress know how difficult it is to try to sum up the views of that diverse and representative body, but I will do the best I can. The long-standing position of the United States government has been that an integrated Europe is a more prosperous Europe and a stronger security 47
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From page 48... ...
officials, including Secretaries Baker and Mosbacher. The United States made its view clear that the 1992 project should be an initiative to open markets and expand free trade not to close markets.
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From page 49... ...
Second, we recognize that European integration can be a potentially positivesum game, with advantages for the United States and for American business. By removing existing barriers to the movement of goods, capital, technology, and labor between the 12 EC member states, EC 92 should lead to new investment, more jobs, and faster growth throughout the EC.
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From page 50... ...
EC officials hope that by displaying how it can be done, German monetary integration will silence the critics of the European Monetary Union. Fifth, we note the issue of the future depth and breadth of the European Community and the importance to the United States of how this question is resolved.
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From page 51... ...
· Local content requirements may result in American movies and television programs being taken off the air to reserve programming for "European works." · Approval to market biotechnology products may involve a "fourth hurdle," in addition to the normal criteria of safety, efficacy, and quality. This fourth hurdle would take into account whether the product would cause economic harm to segments of European society, such as small farmers, that have received special concessions from national governments.
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From page 52... ...
I believe the United States should itself be doing more to promote cooperative R&D in civilian technology. But subsidies to R&D can be problematic when used as a means of selectively helping national firms in world markets, that is, as an alternative to production subsidies, which are illegal under GATT.
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From page 53... ...
Finally, we are concerned with the dominance of military interests over economic interests. In the case of EC 92, many members of Congress are concerned that the United States is not getting the leverage it should from the memoranda of understanding that the Department of Defense maintains with European nations.
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From page 54... ...
My own view is that, on the whole, the United States has benefited from the past expansion of the European Community. These benefits have not been automatic.
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From page 55... ...
competitiveness is not a matter that is going to be solved by the United States government and certainly not by the United States Congress, but I think we also recognize that our responsibility is to provide an environment in which our American business community can compete. Many of us think we are not really doing that as well as we ought to be doing it.
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