Globalizing America
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Globalizing America

The USA in World Integration

  • New Horizons in International Business series

Edited by Thomas L. Brewer and Gavin Boyd

The authors address questions in current business and policy literature regarding the structural linkages evolving in the globalization process. The authors conclude that the US administration and American firms have to be more responsive to the interests of the international community that are being vitally affected by the integrating effects of transnational production and world trade.
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Chapter 6: Technology in the globalization of the USA

Maria Papadakis

Extract

134 Globalizing America 6. Technology in the globalization of the USA Maria Papadakis INTRODUCTION In the first chapter of this volume, Frederic Pryor made the useful distinction between ‘old’ and ‘new’ globalization. The difference between these two international dynamics is an important one, especially for understanding how technology figures in the global economic presence of the United States. Prior to the US competitiveness crisis of the mid-1980s, US interactions with the world economy largely involved what Pryor refers to as ‘old’ globalization: the volume of international trade exploded; economic, political, and communication linkages between nations expanded and tightened; and the international trade regime experienced a dramatic liberalization. Old globalization represents the growing internationalization of the world political economy, a period in which system interdependence increased by several orders of magnitude. For the United States, technological considerations were not primary ones during old globalization. The emphasis was on free trade and improving American access to foreign markets; no real notion of international business competition existed. Conventional perceptions of comparative advantage – as determined by the underlying productivity structures of the American economy – influenced policy approaches to international competitiveness, and American industry itself appeared woefully naive about the emerging character of global competition (Zysman and Tyson, 1983). Trade liberalization was pursued by government and business as an end in itself, with no real appreciation of technology as a strategic element of international trade and global markets. Trade liberalization was instead intended to allow US comparative advantage to more clearly manifest itself in...

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