Dec 31, 1993
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.