I noted with some interest the findings in title III of the bill that is currently before the Senate in which the committee states: The governments of our most successful competitor nations in the global marketplace have created supportive structures and programs that have been effective in helping their domestic industries increase their global market shares. I assume that this refers to foreign governments' efforts to help their industries to compete by allowing well-educated workers to have access to low-cost capital and to benefits of government-funded research programs. But there is another type of supportive structure and program that many foreign governments provide their industries. I am referring to industrial espionage committed by or with the assistance of foreign intelligence services. Mr. President, I am not going to suggest that foreign industrial espionage is the greatest problem confronting the American industry today. But it is a real problem. It costs the U.S. economy billions of dollars annually, and it appears to be growing quite rapidly. It also is a problem that has received far too little attention.
On the recordMarch 10, 1994
Source
govinfo.govEditor's note · Context
Discussing the impact of foreign industrial espionage on the U.S. economy.
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