... for the long-term growth of the countries economy at a rising standard of living. It is also essential to the continued competitive success of U.S. - Japan industry on global markets. Both countries U.S. and Japan have been carefully designed for success, especially in their focus on generic and enabling technologies, in their linkages to civilian market requirements, in their targeting of clear instances of private market failure, in their careful efforts at self-assessment -- and perhaps most important, in their focus on generating domestic-based activities, infrastructures, and work-forces that embed long-term technical progress and ensure localized spillovers for the domestic economy. The major objective of the Semiconductor Industry cases of the U.S. and Japan can be interpreted in the following ways: * To illustrate the dynamics of global competition as two major national high- technology industries battle for market share and survival * To teach how private firms and ...

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