Why Washington Is Anointing Flat Panels

For the Clinton Administration's biggest foray yet into industrial policy, it started remarkably casually. In February, 1993, Laura D'Andrea Tyson, chair of the White House Council of Economic Advisers, voiced the opinion in a meeting with National Economic Council Chief Robert E. Rubin that under the right conditions, Washington might want to intervene to help a specific industry. One example, she suggested, might be flat-panel displays, a Japanese-dominated technology that's a vital component in everything from laptop computers and video games to control-panel displays in jetliners.

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