| Popis: |
The competitive position of the U.S. in the international economy has been eroding in recent years. This erosion has been attributed to a number of complex factors. Among the factors frequently mentioned is the practice of industrial targeting, or more generally industrial policy on the part of the U.S. trading partners. It has been argued that an activist industrial policy on the part of foreign governments may confer upon foreign firms an unfair comparative advantage.1 Demands for a U.S. industrial policy and for retaliatory trade practices are based, in part, on the notion that strategic moves by foreign firms with the support of their governments are placing U.S. firms under considerable pressures. |
