In an era marked by globalization of production and concern about employment, the advanced industrialized nations have taken solace in their command of knowledge-intensive industries. But now a growing number of corporations are moving R&D abroad and outsourcing research to foreign firms. The study group focused on the dynamics and limits of this globalization of R&D and investigates its consequences for the U.S. economy. Presentations focused on five technology-based indistries: biomedical products, software, semiconductors, industrial chemicals, and pharmaceuticals. A report summarizing the conclusions and policy recommendations, Exporting U.S. High Tech, was released in late 1997.