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Can America Compete?
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Publisher:
2010
Summary
An examination of the performance of U.S. manufacturing in historical and global perspective indicates that, contrary to recent fears, international trade competition has not induced the deindustrialization of America. During the 1970s the U.S. manufacturing sector fared relatively well compared to its counterparts in other industrual countries and its own post-war track record. Most of its problems in the early 1980s are linked to domestic recession and the strong U.S. dollar. A number of implicit assumptions in the current discussion about U.S. industrial performance are shown in this book to be inappropriatechanges in international trade are not the major reason for the declining share of manufacturing in U.S. employment: even though foreign productive capabilities are catching up with those of the United States, the U.S. comparative advantage in high-technology products has increased. The author looks at these and other issues and seeks to clarify some common misperceptions about U.S. manufacturing. He examines long-term trends and changes since 1973 in U.S. manufacturingemployment, capital formation, research and development expenditures, and output. He looks closely at manufacturing trade flows and their major determinants and at the role of trade in the U.S. manufacturing sector. The last part of the book addresses policy options for the United States, including laissez-faire, matching foreign subsidies, and new industrial policies. Changes in U.S. policies are suggested that might facilitate efficient structural trade adjustment, improve trade policy, and compensate for market failures.
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Bibliographic data
Edition
1/2010
Copyright Year
2010
ISBN-Print
978-0-8157-5175-5
ISBN-Online
978-0-8157-0799-8
Publisher
Rowman & Littlefield, Lanham
Language
English
Pages
156
Product Type
Monograph
Table of contents
ChapterPages
Contents No access
1. A Nation of Hamburger Stands? No access Pages 1 - 14
U.S. Manufacturing in Historical Perspective No access
U.S. Manufacturing in Global Perspective No access
Framework for Analysis No access
Manufactured Goods Trade No access
Summary of Findings No access
The Role of Trade in Structural Change: Individual Industries No access
Achieving Structural Change No access
Patterns of Domestic Use: Technology and Demand No access
Characteristics of High- and Low-Growth Industries No access
The Empirical Evidence No access
The Conceptual Basis for Selective Industrial Policies No access
Implementation of Selective Industrial Policies No access
Industry as a Policy Unit? No access
Practical Problems No access
Conclusions No access
Policies Governing International Trade No access
Policy Transparency: Lack of Clarity and Adequate Data No access
Policies to Deal with Market Failure No access
Concluding Observation: Limits to Policy No access
Postscript No access
Appendix: Classification Tables No access Pages 146 - 150
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