In the wake of worldwide economic turmoil and efforts toward recovery, understanding the interdependence of government and business is more important than ever. In this thoroughly updated edition, Lehne takes a comparative approach, evaluating the U.S. political economy with respect to those of Great Britain, Germany, Japan, and the EU. The book provides detailed historical context for, and a conceptual understanding of, the business-government environment, and then clarifies the roles of the major actors and outlines the regulatory and policy frameworks. Along the way, Lehne probes some of the most crucial dilemmas facing government and business today. Updates to this edition include: • expanded coverage of ethics as it relates to government and business; • greater attention to China in particular in the feature boxes on developing nations; and • a look at relations between government and business at the subnational level. A comprehensive glossary and chapter summaries enhance student learning.

Industrial Policy and High-Tech Industries

Industrial policy and high-tech industries

In 2000, the heads of the European Union states met in Lisbon to adopt a plan to make the Union “the most dynamic and competitive knowledge-based economy in the world” by 2010.1 They agreed to boost spending for research and innovation, strengthen education, increase infrastructure investments, and improve their regulatory systems. European officials have traveled to 2010, and they recognize that their Lisbon strategy has not produced satisfactory results. In 2005, the European Commission and the Council of Ministers developed the Communication on Modern Industrial Policy to re-launch their Lisbon project. The failure of the EU governments to create jobs and increase economic growth has undermined confidence in their institutions and rekindled debate about the ...

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