Chip wars: can the U.S. regain its advantage in microelectronics?

Article Abstract:

Over the last decade, the United States has lost its once dominant position in the critical microelectronics industry to Japan. The success of Japanese companies in this industry has been a result of both Japanese public policy and the Japanese domestic market structure. Unless U.S. firms are able to gain access to Japan's domestic market, the U.S. will continue to find themselves at a disadvantage in international competition. The United States urgently needs to develop an aggressive but coherent industrial policy that will insure an open global economy. (Reprinted by permission of the publisher.)

Semiconductor industry, Semiconductor chips, Integrated circuits, Electronics industry

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Japanese telecommunications: reforms and trade implications

Article Abstract:

A major transformation in the telecommunications industry is currently underway. By the early 1990s, the telecommunications services and equipment sector is expected to account for between 7 and 10 percent of the GDP in advanced countries. In light of this, this article examines the effects of deregulation in the U.S. and 'developmental re-regulation' in Japan and discusses the implications for international competition in this burgeoning industry. (Reprinted by permission of the publisher.)

Communications Equipment, Science and technology policy, Telecommunications, Telecommunication

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The misalignment of the United States dollar and the Japanese yen: the problem and its solution

Article Abstract:

U.S. dollar and Japanese yen misalignment is a major cause of the U.S. trade deficit. Cooperative shifts in government policies will be necessary to reduce capital flows and adjust trade imbalances.

United States, Analysis, Economic aspects, Foreign exchange, Balance of trade

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