Cover: The Decline of the U.S. Machine-Tool Industry and Prospects for Recovery

The Decline of the U.S. Machine-Tool Industry and Prospects for Recovery

by David M. Adamson

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Abstract

This research brief describes work documented in The Decline of the U.S. Machine-Tool Industry and Prospects for Its Sustainable Recovery: Volume 1 (MR-479/1-OSTP) and The Decline of the U.S. Machine-Tool Industry and Prospects for Its Sustainable Recovery: Volume 2, Appendices (MR-479/2-OSTP).

Excerpt: The machine-tool industry is a small but vital sector of U.S. manufacturing. Machine tools — which cut and form metal — are essential for reproducing the technologies required in an industrial economy. Because machine-tool makers worldwide typically sell their newest products close to home, a weak domestic machine-tool industry means that U.S. manufacturers risk losing access to the latest manufacturing technologies. In addition, the industry helps foster innovation in manufacturing processes and plays a key role in defense production.

This report is part of the RAND Corporation research brief series. RAND research briefs present policy-oriented summaries of individual published, peer-reviewed documents or of a body of published work.

The RAND Corporation is a nonprofit institution that helps improve policy and decisionmaking through research and analysis. RAND's publications do not necessarily reflect the opinions of its research clients and sponsors.