ERIK R. PAGES is Director of the Office of Economic Conversion Information at the U.S. Department of Commerce. His articles have appeared in SAIS Review, Business & Society Review, and Defense Analysis, among others.
This is a comprehensive study of one of the most important new issues in economics, public policy, and national security. The field is dominated by turgid government studies and think tank recommendations. Dr. Pages' study, in contrast, lays out the issues involved in protecting and subsidizing key sectors in the defense industrial base lucidly, making the arguments about industrial policy and strategic trade policy accessible to a broad array of readers. There are case studies of machine tools, semiconductors, ball bearings, and HDTV. Dr. Pages has successfully captured the vigor of a debate that is likely to grow over time, and occupy the attention of leaders and policymakers on both the state and national levels. -Theodore H. Moran Karl F. Landegger Professor of International Business Diplomacy School of Foreign Service, Georgetown University