31. Exporting U.S. High Tech: Facts and Fiction about the Globalization of Industrial R D
- Author:
- Benedicte Callan, Sean Costigan, and Kenneth Keller
- Publication Date:
- 01-1997
- Content Type:
- Working Paper
- Institution:
- Council on Foreign Relations
- Abstract:
- One of the great strengths of the U.S. economy is its capacity for innovation. Relatively young companies like Microsoft, Genentech, Intel, and Netscape bring verve to the American industrial landscape. The products they introduce transform the way we do business and the way we live. Older companies, like AT T, Ford, and IBM, prove that they can adapt new technologies to stay vital. Old or young, it is the commitment to research and development (R D) that has allowed these companies to come up with novel ideas, products, and processes. The American ability to foster high-technology industries is the envy of both advanced and industrializing countries alike.
- Topic:
- Economics, Globalization, Industrial Policy, International Trade and Finance, and Science and Technology
- Political Geography:
- United States