The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Declining Industries

  • Lester C. Thurow
Reference work entry


Logically, there are two meanings to the term declining industries. Industries can decline because their products have been replaced by new and better products, or industries can decline because what used to be most cheaply produced in country A is now most cheaply produced in country B and exported to country A. In the first case, the word processor replaces the typewriter. In the second case, steel production moves from the United States to Brazil and American needs are met with imports from Brazil.

This is a preview of subscription content, log in to check access.


  1. Borrus, M, Millstein, J. and Zysman, J. 1982. U.S. Japanese competition in the semiconductor industry. Policy Papers in International Affairs, No. 17. Berkeley: Institute of International Studies/University of California.Google Scholar
  2. Eckstein, O., C. Caton, R. Brinner, and P. Duprey. 1984. The DRI report on U.S. manufacturing industries. New York: McGraw-Hill.Google Scholar
  3. Hatsopoulos, G.N. 1983. High cost of capital: Handicap of American industry. Waltham: American Business Conference/Thermo Electron Corp.Google Scholar
  4. Konaga, K. 1983. Industrial policy: The Japanese version of a universal trend. Journal of Japanese Trade and Industry 4: 21.Google Scholar
  5. Krist, W.K. 1984. The U.S. response to foreign industrial policies. In High technology public policies for the 1980s. Washington, DC: A National Journal Issues Book.Google Scholar
  6. Krugman, P. 1984. The United States response to foreign industrial targeting. Brookings Papers on Economic Activity 1: 77–121.CrossRefGoogle Scholar
  7. Labor-Industry Coalition for International Trade. 1983. International trade, industrial policies, and the future of American industry. Washington, DC: Labor-Industry Coalition for International Trade, 40f. Lawrence, R.A. 1984. Can America compete?. Washington, DC: Brookings.Google Scholar
  8. Magaziner, I. 1983. New policies for wealth creation in the United States. In Growth with fairness. Washington, DC: Institute on Taxation and Economic Policy.Google Scholar
  9. McKenna, R., M. Borrus, and S. Cohen. 1984. Industrial policy and international competition in high technology – Part I: Blocking capital formation. California Management Review 26(6): 15–32.CrossRefGoogle Scholar
  10. Melman, S. 1984. The high-tech dream won’t come true. INC Magazine.Google Scholar
  11. Office of Technology Assessment. 1981. US industrial competitiveness: A comparison of steel, electronics and automobiles. Washington, DC: Congress of the US/ Office of Technology Assessment.Google Scholar
  12. Phillips, K. 1984. Staying on top: The business case for a national industrial strategy. New York: Random House.Google Scholar
  13. Piore, M.J. 1982. American labor and the industrial crisis. Challenge 25: 5–11.CrossRefGoogle Scholar
  14. Reich, R.B. 1982. Why the United States needs an industrial policy. Harvard Business Review 60(1): 74–80.Google Scholar
  15. Schultze, C. 1983. Industrial policy: A dissent. The Brookings Review 2: 3–12.Google Scholar
  16. Zysman, J. 1983. Governments, markets, and growth. Ithaca: Cornell University Press.Google Scholar

Copyright information

© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • Lester C. Thurow
    • 1
  1. 1.