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- DescriptionIn the early 1990s, French officials viewed with some concern the emerging and invative high-techlogy sectors of the U.S. and British marketplace. Fearful of falling too far behind, the French government implemented a vast array of policies --from tax incentives for investing in risky high-tech start-ups to new standards for electronic signatures --designed to promote the commercialization of new ecomy techlogies in France. The efforts have turned French invation policy on its head. Traditional government and bank-financed research and development were replaced by private venture capital. Professionals in France's technical elite --long accustomed to a secure career track in prestigious laboratories and industrial conglomerates --began moving into risky entrepreneurial ventures. New techlogies, once developed exclusively by France's national champions of the marketplace, such as Ariane, Airbus, and Renault, began to be commercialized by techlogy start-ups. Efforts to promote the new ecomy, however, have proved politically and socially contentious. Many French policymakers and public intellectuals fear that regulatory liberalization might threaten or undermine state sovereignty. Gunnar Trumbull investigates France's experience in adapting to the requirements of invation in the new information and communications techlogy (ICT) sectors by focusing on events over a six-year period, from 1996 to 2002. This short stretch of time proved a crucible for French leaders and businesspeople: it saw dramatic efforts at regulatory reform; a boom in techlogy start-ups, venture capital, and initial public offerings; the spread of the Internet; and then a collapse in the Internet market, accompanied by a broader ecomic decline. The new challenges of the ICT revolution were confronted, and new policies and practices were tested and stressed. The author describes France's new techlogy policy as both boldly new and familiarly French. He commends the French state for continuing to play a central role in shaping France's new ecomy and argues that the new reforms actually reinforce the role and automy of the state. Ackwledging that the government's solutions have t been elegant, Trumbull asserts that they netheless offer a workable accommodation of French values to the requirements of competitiveness in the new ecomy sectors and provide a model for others. Silicon and the State provides important new insight into the way France has worked to reconcile its traditions of state engagement and social solidarity with the challenges the country faces from new ecomy techlogies.
- Author BiographyGunnar Trumbull is an associate professor in business management at the Harvard Business School, Massachusetts, USA.
- Author(s)Gunnar Trumbull
- PublisherBrookings Institution
- Date of Publication01/08/2003
- SubjectGovernment & Constitution
- Place of PublicationWashington DC
- Country of PublicationUnited States
- ImprintBrookings Institution
- Content NoteIllustrations
- Weight23 g
- Width152 mm
- Height229 mm
- Spine18 mm
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