Competition and Cooperation: Striking the Right Balance.

The article discusses the need for cooperation among U.S. corporations in the global marketplace. The increased level of competition is leading to a re-evaluation of U.S. policies, ideologies, and institutions. This has led to a concern for interfirm agreements. A balance between cooperation and competition is being pushed for, with strong implications for corporate strategy and public policy. The drive towards cooperative arrangements can be attributed to the fragmentation of industries like electronics coupled with steady escalation in the costs of innovation. Experts say these developments may cause a re-examination of the U.S.' antitrust laws.