ABSTRACT
New conservative administrations in Britain and the United States jettisoned national consensus for policies designed to promote economic revival by reinvigorating capitalism. The Ben Franklin Partnership promises to create jobs, not only by stimulating research and development, but also by providing the institutional structure to support the launching of new companies and the successful revitalization of existing companies in the region. The San Jose region, one of the fastest growing areas of the United States, has confined the skills of university specialists and entrepreneurs to create numerous, new electronics companies supplying jobs for engineers and assembly line workers and stimulating economic growth. In most schemes of industrial policy, the goverment cooperates with business in an effort to manipulate supply and demand and compensate for financial losses. Industrial policy in the United States, for instance, must be viewed in the context of the political system at both the state level and the national level.
