Article(print)1994

What's all this about Japanese technology policy?

In: Regulation: the Cato review of business and government, Volume 16, Issue 4, p. 38-46

Saxonhouse, Gary R

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Abstract

Instances of failure since 1980; some focus on reluctance of firms to join government-sponsored research and development projects, including the Fifth Generation Computer project. Includes comparison of spending on R&D and domestic and global market shares of hi-tech industries in France, Germany, Japan, and the US, modesty of tax incentives, phasing-out of tariffs, and possible role of keiretsu (groups of firms) in restricting imports.

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