02186cam a2200409 i 4500 rnd000000000048543 RAND 920212s1990 caua b 000 0 eng d 91139000 0833017136 RAND/N-3079-USJF/RC (Sirsi) a190520 $25.00 CstmoR CstmoR n-us--- HD9703.U5 A7 1990 Alexander, Arthur J. author. Adaptation to change in the U.S. machine tool industry and the effects of government policy / Arthur J. Alexander. Santa Monica, CA : RAND, 1990. xiii, 52 pages : illustrations ; 28 cm text txt rdacontent computer c rdamedia unmediated n rdamedia online resource cr rdacarrier volume nc rdacarrier A RAND note ; 3079 "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. Machine-tool industry Government policy United States. Machine-tool industry United States. Rand Corporation. U.S.-Japan Foundation of New York. Rand note ; 3079. Online Access http://www.rand.org/pubs/notes/N3079/ 596779 596779