ERIC Number: ED283962
Record Type: RIE
Publication Date: 1987-Apr
America's Competitive Crisis: Confronting the New Reality.
Council on Competitiveness, Washington, DC.
Efforts to restore America's competitive position must proceed from an accurate definition of what competitiveness is. The U.S. competitiveness problem has three dimensions: long-standing structural problems, macroeconomic policies, and the trade and economic policies of foreign countries. The long-term erosion of U.S. competitiveness is suggested by the behavior of several different indicators: wages, income, and profit; productivity; merchandise trade; current account; technology; human resources; and capital formation. Growing acknowledgment of the competitiveness problem increases the likelihood of new policy initiatives. To create an environment that is conducive to private sector productivity, government must undertake a number of steps: making a sustained and substantial reduction in the federal budget deficit, developing policy initiatives to strengthen the international trading environment, making domestic trade policy a national priority, making technology a continuing competitive advantage, and creating policies to improve America's human resources. U.S. corporations, colleges and universities, and labor unions have a primary responsibility for restoring American competitiveness. (YLB)
Publication Type: Reports - Research; Opinion Papers
Education Level: N/A
Authoring Institution: Council on Competitiveness, Washington, DC.