Academic journal article Research-Technology Management

Research and Development and Long-Term Competitiveness: Manufacturing's Central Role in a Knowledge-Based Economy. (Information Resources: New Books and Reports for Leaders of Technological Innovation)

Academic journal article Research-Technology Management

Research and Development and Long-Term Competitiveness: Manufacturing's Central Role in a Knowledge-Based Economy. (Information Resources: New Books and Reports for Leaders of Technological Innovation)

Article excerpt

Gregory Tassey; U.S. Dept. of Commerce, National Institute of Standards and Technology, Planning Report 02-2, Feb. 2002; 56 pp., available from denise.Herbert@nist.gov; pdf version at http://www.nist.gov/director/prog-ofc/report02-2.pdf.

This is the third in a series of R&D trends reports by Gregory Tassey, a senior economist at NIST. In this report he argues that the "Internet Revolution" distorted our understanding of future economic growth strategies. Because IT largely constitutes an infrastructure upon which other economic activity is based, and because other countries are now investing in this same infrastructure, he warns that "the efficiency advantages now being realized by the U.S. economy will be fleeting unless U.S. R&D efforts produce a new and broad range of innovative products and services that take advantage of this infrastructure."

Stressing that "a deep and diverse technology-based manufacturing sector must be a core objective of a national R&D strategy," Tassey is concerned that only a third of U.S. manufacturing can be considered high-tech. Moreover, "with global technological capabilities relentlessly increasing, the long-term prospects for the moderate and low R&D-intensive portions of U. S. manufacturing are not good."

Individual sections cover "A Different View of the New Economy," "The Changing Environment for High-Tech Manufacturing," "Competitive Trends in Manufacturing," "Productivity Growth and R&D Policy Analysis," "Implication of R&D Investment Trends for Policy Analysis," "Policy Rationales for Government R&D Support," and "Federal Funding of Industrial R&D. …

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