Technology, MNE's and Convergence in US and European Industrial and Technology Policies. Working Paper #3, January 1999
(1999) Technology, MNE's and Convergence in US and European Industrial and Technology Policies. Working Paper #3, January 1999.
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Abstract
This paper argues that both the EU and the US are evolving largely similar industrial policy mixes in response to change in the international political economy. These competitiveness policies blend liberal deregulation with a renewed commitment to government subsidy and support in "key" industrial sectors - especially high-technology industries. The US has thus retreated from the "laissez-faire" policies long associated with it. Europe, long more comfortable with the involvement of the state in economic life, has undertaken deregulation while seeking to develop technology policies.




