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"As Washington rushes toward a more activist technology strategy, it risks falling victim to the parochial interests and self-serving arguments that have too often doomed previous technology promotion efforts." "Rather than simply providing subsidies to America's high-technology industries, policy makers must attack the fundamental failures of the existing system in a manner consistent with the nation's political and economic culture. This valuable and comprehensive analysis confirms both the urgent need for a new federal technology strategy and the severe constraints under which it will have to operate."--BOOK JACKET.

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