Meeting the Competitive Challenge

Study examines the major sources of the competitive challenge confronting the US and Canada. Discusses its roots in the structural trends of the international economy and in the domestic performances of both countries over the last few decades. Includes discussions of national competitiveness and competition issues as they relate to specific industries (their comparative advantages). Makes recommendations as to the range of policies that the public and private sector need to address in order to strengthen industrial performance. Discusses the relationship between deficits and exchange rates, sectoral productivity growth, industrial trade performance (including high technology), R & D investment, technology diffusion, and corporate structures and human resource management.