Adaptation to change in the U.S. machine tool industry and the effects of government policy / Arthur J. Alexander.

By:

Alexander, Arthur J [author.]

Contributor(s):

Series: Rand note ; 3079.Publisher: Santa Monica, CA : RAND, 1990Description: xiii, 52 pages : illustrations ; 28 cmContent type:

text

Media type:

computer
unmediated

Carrier type:

online resource
volume

ISBN:

0833017136

Subject(s):

LOC classification:

HD9703.U5 A7 1990

Online resources:

Online Access

Available additional physical forms:

Also available on the internet via WWW in PDF format.

Summary: This Note presents research into the adjustments made by the U.S. machine tool industry as it faced the challenges of a secular decline in domestic demand compounded by the effects of economic recession and acceleration of foreign competition. It presents a picture of the industry's response and adaptation to events, the path of output and the movement of capital and labor, and the influence of government policies on these adaptations. The author considered both government policies directly related to trade effects and to declining industries, and also more general policies that may have influenced the ability of U.S. machine tool firms to react to a variety of forces unlike anything the industry had witnessed in its long history.

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"September 1990."

Includes bibliographical references (p. 51-52).

This Note presents research into the adjustments made by the U.S. machine tool industry as it faced the challenges of a secular decline in domestic demand compounded by the effects of economic recession and acceleration of foreign competition. It presents a picture of the industry's response and adaptation to events, the path of output and the movement of capital and labor, and the influence of government policies on these adaptations. The author considered both government policies directly related to trade effects and to declining industries, and also more general policies that may have influenced the ability of U.S. machine tool firms to react to a variety of forces unlike anything the industry had witnessed in its long history.

Also available on the internet via WWW in PDF format.

Description based on print version record.