May 18, 1987|
The watchword in Washington and the rest of the United States is competitiveness. There have been more discussions by more people about America's ability (or inability) to compete internationally than perhaps about any other topic this year. And with each announcement of further erosion in the U.S. balance of payments, the intensity of that discussion escalates. The problem has been at least two decades in the making. American industry did not modernize its manufacturing processes soon enough.