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PART I THE PROBLEM
The American Standard of Living
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96th Congress agencies American areas assistance Bank budget capital Client study commercial competitive position components Corporation cost advantage customers decline defense designed developing countries distribution Dollars domestic engineering equipment European example Exhibit exports factors federal financing France French funds Germany growth higher imports income increased industrial policy integrated circuit international competitive investment Japan Japanese Japanese companies Japanese producers labor levels living standards loan guarantees long-term low-wage lower machine machinery major ment million Ministry MITI OECD OPEC overall percent plant problems productivity improvements programs projects promote purchase rates raw materials regional relative research and development sector semiconductor significant Source steel industry strategy subsidies Sweden tax expenditures textile trade U.S. Commerce Department U.S. companies U.S. Congress U.S. firms U.S. government U.S. industry U.S. manufacturers U.S. market U.S. producers U.S. steel unemployment wage West Germany workers