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The United States preaches a free market "winner take all" philosophy when it comes to economic policy, but a closer look at the technology industry in America (an industry which has seen enormous growth in the last 50 years) reveals a pattern of governmnet sponsorship that works to enormous benefit.
After nearly a decade of subpar performance, US electronics firms experienced a resurgence in the early 1990's. How can we explain this resurgence? First, by looking to the decline of Japanese firms and increased competition within Asia, and second by looking to the US' firms increased reliance on international produciton networks to cut costs.
China's accession to the WTO changed the face of world economics, but in order to be successful, markets needed to open up. This paper argues that China should eliminate tariff's on IT quickly in order to help open markets and pave the way to success.
As Korean electronics firms began to meet increased competition from Japanese and other Asian firms, they successfully turned to offshoring their production networks to lower costs. This paper tracks the experience of Samsung, a major industrial conglomerate.