European advanced marine electronic instrumentation : A US perspective

This article presents a US perspective on the influence of government policies on the nature and development of advanced marine electronic instrumentation (MEI) technologies in Europe. US firms traditionally have enjoyed a strong international competitive advantage in the MEI field, but European institutions are undergoing rapid changes that may affect the competitive position of firms in advanced technology industries. These include the consolidation of firms in specific markets and the increased emphasis on centralized, collaborative 'technology transfer' research efforts across sectors and across national borders. We expect broadly defined marine markets to grow in Europe. The best policy for US firms may well be one of cautious optimism and close attention to the potential for business relationships with established and emerging European firms.