The “Re-Industrialization” of America

WE’LL HEAR MORE AND MORE these next few years about “re-industrializing America,” that is, about restoring the country’s competitive strength and leadership in manufacturing industry. Both major parties were working on re-industrialization planks in their platforms for the 1980 presidential campaign. And there is a similar demand for re-industrialization policies in Japan, Germany, Britain, Sweden, and other developed industrial countries.

It is important, however, to distinguish between two meanings of the slogan. When union leaders and executives in old-line manufacturing industries call ...

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