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This volume the product of years of joint research by a multidisciplinary team of American and Japanese scholars, analyzes the strengths and weaknesses of America and Japan's semiconductor industry.

Despite widespread claims to the contrary, Japan's high-tech industrial policies over the last two turbulent decades have proved to be neither cooperative nor successful. This book focuses on MITI and Japan's giant electronics firms-their ambitions and conflicts-to show that the policymaking process is torn by conflict and competition.

Attempts to identify the reasons for the comparative effectiveness of Japanese industrial policy for high technology by answering the questions: What is the attitude of Japanese leaders toward state intervention in the marketplace? What is the Ministry of International Trade and Industry (MITI) doing to promote the development of high technology?