Abstract
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 Industries can decline because their products have been replaced by new and better products, or industries can decline because what used to be most cheaply produced in country A is now most cheaply produced in country B and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 via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Bibliography
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.
Eckstein, O., C. Caton, R. Brinner, and P. Duprey. 1984. The DRI report on U.S. manufacturing industries. New York: McGraw-Hill.
Hatsopoulos, G.N. 1983. High cost of capital: Handicap of American industry. Waltham: American Business Conference/Thermo Electron Corp.
Konaga, K. 1983. Industrial policy: The Japanese version of a universal trend. Journal of Japanese Trade and Industry 4: 21.
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.
Krugman, P. 1984. The United States response to foreign industrial targeting. Brookings Papers on Economic Activity 1: 77–121.
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.
Magaziner, I. 1983. New policies for wealth creation in the United States. In Growth with fairness. Washington, DC: Institute on Taxation and Economic Policy.
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.
Melman, S. 1984. The high-tech dream won’t come true. INC Magazine.
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.
Phillips, K. 1984. Staying on top: The business case for a national industrial strategy. New York: Random House.
Piore, M.J. 1982. American labor and the industrial crisis. Challenge 25: 5–11.
Reich, R.B. 1982. Why the United States needs an industrial policy. Harvard Business Review 60(1): 74–80.
Schultze, C. 1983. Industrial policy: A dissent. The Brookings Review 2: 3–12.
Zysman, J. 1983. Governments, markets, and growth. Ithaca: Cornell University Press.
Author information
Authors and Affiliations
Editor information
Copyright information
© 2018 Macmillan Publishers Ltd.
About this entry
Cite this entry
Thurow, L.C. (2018). Declining Industries. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_432
Download citation
DOI: https://doi.org/10.1057/978-1-349-95189-5_432
Published:
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-95188-8
Online ISBN: 978-1-349-95189-5
eBook Packages: Economics and FinanceReference Module Humanities and Social SciencesReference Module Business, Economics and Social Sciences