Exporting U.S. high tech : facts and fiction about the globalization of industrial R&D
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Bibliographic Information
Exporting U.S. high tech : facts and fiction about the globalization of industrial R&D
Council on Foreign Relations, c1997
- Other Title
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Exporting United States high tech
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"Study group report"--Cover
Includes bibliographical references (p. 38-40)
Description and Table of Contents
Description
The rise of international economic integration means that production globalization is often a matter of survival for corporations. As businesses globalize, American high-technology companies are taking great interest in newly industrializing countries and their pools of skilled labor. American industries once retained research and development (R&D) facilities within the United States; now many are setting up shop throughout the world. What effects will this strategy of know-how and technology transfer have on the U.S. economy? Based on a year-long study group funded by the Sloan Foundation and chaired by Rodney Nichols of the New York Academy of Sciences, this Report examines the effects of R&D globalization on the American economy through industry and country case studies. Contrary to expectations, the study found that the United States stands to gain considerably from the globalization of R&D. But in order to take full advantage of the new trends, American corporations and the U.S. government must adapt to the changing patterns of technology production. The Report recommends that the U.S. government should reduce the tax and regulatory factor that force companies to move abroad; continue strong federal support of basic research; and invest in better data collection efforts on the extent and effects of R&D globalization. These policies will help the United States maintain its international leadership role in science and technology well into the 21st century.
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