This study seeks to resolve the "free trade vs. managed trade"
debate. It provides innovative recommendations for US policy based
on detailed and rigorous case studies of high-technology trade
conflicts between the United States, Japan, and Europe in aircraft,
telecommunications, electronics, and supercomputers.
The study addresses three key issues: What trade policy should
the United States adopt to support its high-technology industries?
What domestic policy initiatives are necessary to realize this
goal? Are new international rules needed to reduce trade conflicts
over high-technology industries? Tyson, formerly Chair of the
Council of Economic Advisors and the former Director of the
National Economic Council, develops a "cautious activist" policy
agenda to promote US competitiveness in high-technology sectors and
to strengthen international rules to encourage trade and reduce
conflicts among nations.
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