#90-DOF-7 "Strategic Aspects of Semiconductor Trade Policy" 
          (Kenneth Flamm, January 1990.) 

A WHOLE SENTENCE

ABSTRACT

    In recent Years, continuing trade friction in the international 
semiconductor industry has been the barometer of increasing stresses 
on the trading system for high technology goods among industrialized 
countries. This paper argues that structural changes in the 
semiconductor industry have made strategic issues-- that is, 
predicting how the actions of others may be affected by one's own 
choices, and vice-versa-- central to an understanding of these 
conflicts. The nature of the strategic issues created by the current 
structure of semiconductor trade and investment is examined. Possible 
responses to these problems, and the way in which such tensions might 
be reduced over the long term are analyzed .