ECVONOMIC INTELLIGENCE 'PROCESS'

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP80B01495R000300100017-3
• Release Decision: RIPPUB
• Original Classification: C
• Document Page Count: 4
• Document Creation Date: December 20, 2016
• Document Release Date: October 16, 2006
• Sequence Number: 17
• Publication Date: September 25, 1973
• Content Type: MF

Approved For Release 2006/10/16: CIA-RDP80B01495R000300100017-3
?ai 0 RD/ :DF
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September 25, 1973
MEMORANDUM FOR: Mr. Colby
SUBJECT: Economic Intelligence "Process"
1. This is a highly aggregated summary of thoughts I had
before, during and after your meeting yesterday on Secretary
Shultz' letter. I think the fiscal policy (and intelligence) problem
can be understood better if likened to the national security policy
(and intelligence) problem prior to the Unification act.
2. What needs doing in the economic intelligence area is, I
think, the following.
a. Define the problem: i. e. , make sure by some means
-- maybe NSCIC or an augmented subset of NSCIC -- that policy-
makers have some consonance of view on what is wrong now. No
doubt a side effect of this will be the necessary definition of many
terms used in economic intelligence that have no common meaning.
b. Describe the decisionmaking process for fiscal policy.
This will make evident the "pressure points" at which intelligence
inputs will have a constructiv3 effect, and might begin to illuminate
what the inputs should be.
c. Define roles of the various agencies with respect to
collecting and producing intelligence. For example, some possibilities
in this -- thinking for example of USDA as customer -- are (1) do-it-
you.rself, overtly overseas or domestically; (2) let State do it overseas;
(3) contract with universities, non-profits or industry and lastly, but
only lastly, (4) go to the intelligence community.
E3 IMPDET CL BY 495430
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d. Establish effective communications and "mobilization"
means so ideas will circulate and so that NSSM-type economic studies
will be accomplished with the discipline of NSC staff activities. Mr.
Shultz -- or his alter ego -- will have to become motivated to a czar-
like role in fiscal policy study activities.
e. Invent mechanisms for diffusion of intelligence to the user
(industry) community. There are analogs to DOD activities which
might be useful and there are business forums which might be adapted
to this function. (I have written down some ideas on this if this seems
useful. )
f. And finally, after the foregoing, configure, elaborate and
tune the functions of the intelligence process as they apply to economic
and fiscal needs.
LL
Acting D/DCI/IC
Copy to
DDCI
DDI
Approved For Release 2006/10/16: CIA-RDP80B01495R000300100017-3
 Approved For Release 2006/10/16: CIA-RDP80B01495R000300100017-3
Approved For Release 2006/10/16: CIA-RDP80BO1495R000300100017-3