The Sectoral Adjustment Implications of Current US Trends in Trade Competitiveness
The general nature of the competitive position of the United States in world trade is well known. Analyses of world market shares of manufacturing exports have been made on a regular basis for the past 35 years, and reports over the past few years by the GATT, OECD and various individual scholars have clearly chronicled the deterioration in the competitive position of the USA. However, most studies have dealt with manufacturing as a whole or else divided manufactures into only a few broad product groups. Few have analysed the manufacturing sector in terms of detailed SIC or input-output sectors, or tried to relate detailed competitive shifts to changes in the employment of different types of labour. The result has been that while policy officials are well aware of the competitive problems of such industries as footwear, clothing, steel, colour TV and automobiles as well as the competitive gains by such sectors as computers and aircraft, they do not have a good picture of competitive trends in the many other industries making up the US manufacturing sector.
KeywordsCompetitive Effect Income Elasticity Import Price Actual Growth Rate Tokyo Round
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