Industrial Rise and Decline in America and Japan - By: fandydu

Just a few years ago, America's descent into second-rate economic status was widely accepted as a fact. No more. Europe and Japan have stumbled while lasting prosperity in its economy has: made America the envy of the world.Industries that were losers¡ªsuch as autos, machine tools and steel are back with vengeance. The United States, not Japan, is the master of the next generation of information technologies, and of leading-edge services from medicine to movie-making. (http://www.luv-replica.com/GoodsBrand/Paneri_Replica_watches-27.html)

American managers are much further along than those in Europe and Japan in making their companies more competitive.The turnaround reflects over a decade of sometimes innovative and often forcible change¡ªdriven by recession, deregulation, tougher foreign competition and new technology. In some smokestack industries¡ªsteel, machine tools and especially cars¡ªthe choice was to raise productivity and quality a lot or cede the field to the competition. American managers chose the former, and will have doubled productivity by the end of 1990s.

Indeed, by the time The Reckoning¡ªthe book by D. Halbers, tam that told the story of Japan's ascent and America' s subtle industrial decline"¡ªappeared in 1986,Ford was already mounting its comeback, and Nissan was beginning to falter, Ford' s market share has since climbed from 21.2 percent to 25.4 percent of the US market. Nissan's market share declined slightly, to 4.5 percent.

Today, German carmakers" BMW and Mercedes-Benz are building new plants in the American South. To hold down the price of their new models Japanese carmakers, with plants In America, are resorting to a strategy considered unthinkable just a few years ago by increasing-as much as possible the number of locally procured parts.

Making things more cheaply isn't enough to captivate a world full of increasingly sophisticated consumers. That requires an extraordinary stream of new ideas, like the converging world of computing, telecommunications and television^ Some economists have declared that we're in the midst of the third , industrial revolution.
Six years ago the fear was that Japan's dominance in consumer electronics would spread to leading edge technologies. But the Japanese haven't been able to keep up. American companies like Intel and Microsoft now lead in virtually all the key ingredients of the computer revolution: from software to microprocessors. (http://www.imitatewatch.com/GoodsBrand/Replica-Zenith-Watches-69.html)

The growing demand for sophisticated products will probably play to our strengths. Compared with Japan, for example, the United States has more than three times as many personal computers per worker, which means that more American businesses have learned to use technology to improve productivity.

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