Competitiveness and Industrial Policy

Discusses problems within the US economy, such as the decline of wages and standards of living, and the effect this has on the community. Examines the causes of structural change and trade deficits in an attempt to find the necessary policy measures. Considers certain problems which need to be addressed and policy changes required (reduction of the military‐ industrial complex, certain govern‐ment training programmes), before concluding that the private sector would be able to produce more effective change and be capable of managing transition.