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Department—today is paying back our investment virtually 

 across the spectrum. one would be hard-pressed to find a 

 discipline that isn't pushing hard at new frontjers and 

 isn't developing new research tools and techniques of 

 immense investigative power. 



no question— this u.s. -led scientific blossoming has 

 been the wellspring of today's new technologies and new 

 industries— ranging from the microchip to biotechnology, 

 so in a very direct way we've shown others that the most 

 promising route to economic growth and prosperity in the 

 LATE Twentieth Century lies in scientific and technical 



KNOWLEDGE AND ITS APPLICATIONS. IN A VERY REAL SENSE WE'VE 

 BEEN THE INSPIRATION AND EVEN THE BENEFACTOR OF THE GROWING 

 INDUSTRIAL DEVELOPMENT THAT WE NOW SEE THROUGHOUT THE 

 WORLD. 



A NUMBER OF EXAMPLES COME READILY TO MIND— INCLUD I NG/ 

 OF COURSE/ THE WAY JAPAN STUDIED US AND VERY SUCCESSFULLY 

 USED THE EMERGING TOOLS OF TECHNOLOGY TO FUEL THEIR OWN 

 ECONOMIC BOOM. BUT THE EXAMPLE THAT I FIND MOST 



INTRIGUING/ AND PERHAPS OF MOST PERTINENCE TO THE 

 DISCUSSIONS HERE TODAY/ IS THE PEOPLE'S REPUBLIC OF CHINA. 



In spite OF THE FUNDAMENTALLY DIFFERENT PHILOSPHIES OF 

 GOVERNMENT THAT GUIDE OUR TWO NATIONS/ WE'VE FOUND A STRONG 

 MUTUAL BOND IN SCIENCE AND TECHNOLOGY. OVER THE PAST TEN 

 YEARS THAT SHARED INTEREST IN BOTH BASIC RESEARCH AND IN 



