The U.S. Machine Tool Industry
Abstract
The U.S. machine tool industry is suffering from tough competition. Once the world's leader in machine tool production, the Japanese and Europeans have taken that lead with high quality, computer integrated, competitively priced equipment, which can be delivered quickly. Factors affecting U.S. competitiveness include the sluggishness of the U.S. economy and its impact on the manufacturing industry, the strength of the dollar overseas, labor costs, and the extreme volatility of the machine tool industry production cycles. The industry can improve its competitive posture by expanding from regional markets into the global market, increasing research, development, and capital investments to remain the world's technological leader. The U.S. government can facilitate a resurgence in the industry by modifying or abolishing laws which disincentivize investment and pose barriers to entry into foreign markets.
Document Details
- Document Type
- Technical Report
- Publication Date
- Apr 01, 1993
- Accession Number
- ADA276679
Entities
People
- Patrick F. Doumit
Organizations
- Dwight D. Eisenhower School for National Security and Resource Strategy