February 1997
It's Morning in American Industry
As business and government have responded to change and adopted new technology, declining competitiveness among U.S. companies has become a dim memory.
By Robert M. White
President Clinton won reelection in large measure because of the economy. Unemployment is the lowest in decades, inflation is low, GNP growth is steady, and the stock market is at historic levels. The lamentations of the 1970s and 1980s about the competitive decline of U.S. industry have disappeared from the political rhetoric. How to account for this turnaround?
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Massachusetts Institute of Technology