Direct Government Investment: Perverse Privatization or New Tool of Government?

In recent years, public administration scholars have called attention to a blurring of the boundaries between the public and private sectors. However, little attention has been focused on the administration of public programs that seek to impact private markets through direct government investment in private firms. The direct government investment approach is a new tool of government that has been applied in several countries and at multiple levels of government. Through an analytic mix of theory and attention to practice, this article leverages a deep case analysis of the U.S. Department of Energy's Advanced Technology Vehicles Manufacturing Loan Program to propose and utilize criteria for examining justifiable rationales for direct government investment, areas of administrative capacity necessary to manage such investments, and potential pitfalls of this new tool of government.     

The Politics of Federal Technology Policy: 1980–1988

This paper examines the politics of federal initiatives in technology during the period 1980–1988 that promote economic competitiveness. It finds that the ideological consistency of these new initiatives with the prevailing political climate, and the presence of business constituencies for technology are key to the adoption of new technology initiatives. In the absence of a strong business interest, agency politics and efforts dealing with the budget deficit dominate. Progress by new technology policy initiativesfbunders m is incremental at best. This paper also discusses the trend toward "industry-led" technology policy.