Adaptation to Change in the U.S. Machine Tool Industry and the Effects of Government Policy
Download eBook for Free
|PDF file||2.6 MB||
Use Adobe Acrobat Reader version 10 or higher for the best experience.
Purchase Print Copy
|Add to Cart||Paperback65 pages||$25.00||$20.00 20% Web Discount|
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.
This report is part of the RAND Corporation Note series. The note was a product of the RAND Corporation from 1979 to 1993 that reported other outputs of sponsored research for general distribution.
This document and trademark(s) contained herein are protected by law. This representation of RAND intellectual property is provided for noncommercial use only. Unauthorized posting of this publication online is prohibited; linking directly to this product page is encouraged. Permission is required from RAND to reproduce, or reuse in another form, any of its research documents for commercial purposes. For information on reprint and reuse permissions, please visit www.rand.org/pubs/permissions.
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.