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Policy Implications for the United States: Comments
Pages 216-220

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From page 216...
... Industries such as consumer electronics, steel, automobiles, machine tools and semiconductors have one by one lost their competitive strength, and the main challenger has been Japan. In addition, there is concern in the United States that in coming years, the competitive edge that America enjoys now in such industries as computers, aerospace and biotechnology may also erode.
From page 217...
... For a Japanese observer, it is striking that after such serious discussions for almost a decade, often carried out with a deep sense of crisis, there still does not seem to be a consensus on the need for an appropriate technology policy. This may well be because an adoption and implementation of a technology policy could be considered a path towards the adoption and implementation of an industrial policy, which seems to be conceptually rejected by many in the United States.
From page 218...
... If, for example, foreign direct investment in the United States were to be screened by the Committee on Foreign Investment in the United States from a broadly defined economic security point of view as well as from the standpoint of national security more narrowly defined, it could run counter to trends in the world economy, and might well limit the possibilities of contributions of foreign corporations to U.S. economic growth and technological and industrial strength.
From page 219...
... In order for the United States to seize these opportunities effectively, it seems important for the United States to overcome a traditional psychological attitude toward foreign technology, namely, the "not-invented-here" syndrome or "parochialism" with regard to technology and industry. There seems to be a growing realization in the United States that today technological capabilities are globally distributed and that the diffusion of technological advance across national borders is rapidly expanding.
From page 220...
... government to continue to ask the Japanese government to play its role in enhancing collaboration in technological and industrial fields. Although much has to be done by the United States to seize opportunities presented by Japan's growing technological capability, Japan can also be called upon to behave in such a way as to turn technological development into a positive-sum game.


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