You may have jumped to a conclusion about the decline of the machine tool industry. WAS it a change in trade policy to "free trade?"
MY favorite bugbear is the persistent fiscal deficits => overvalued dollar => devaluing of traded goods like manufacturing vis a vis non-traded goods and services with a smidgen of trade negotiation strategy prioritizing getting other countries to reduce barrieres to US bands and trademark and patents, and less on reducing barriers to US manufactured exports.
You may have jumped to a conclusion about the decline of the machine tool industry. WAS it a change in trade policy to "free trade?"
MY favorite bugbear is the persistent fiscal deficits => overvalued dollar => devaluing of traded goods like manufacturing vis a vis non-traded goods and services with a smidgen of trade negotiation strategy prioritizing getting other countries to reduce barrieres to US bands and trademark and patents, and less on reducing barriers to US manufactured exports.
http://www.villagepsychic.net/blog/con-edison
For a future round up