ABSTRACT
The focus of this chapter is the competitiveness of the industrial sector of the U.S. economy in the global market because the national market, as it existed in 1955, no longer exists. Trade in agricultural commodities is a separate category of global commerce, as is trade with peasant nations. I ignore these two categories because manufactured products have been more than 80 percent of global commerce since 1920. This is true even in the current era of massive movements of crude oil in global commerce.
