chapter  5
15 Pages

Industrial Futures: USA

ByJ. Levy

This chapter considers the future quantity, character and location of industrial activity in the US. It begins with a look at 15 factors which may influence the scale and location of this industrial activity and then proceeds to consider two contrasting scenarios for the industrial future of the nation. It seems more likely that organised reaction to the threat of foreign competition will take forms other than the building of tariff walls. One form might be intra-industry co-operation such as the recent formation of the Micro-electronics and Computer Technology Corporation, a consortium of computer manufacturers. There seems little reason to doubt that past trends will continue with the costs of processing and transmitting information falling and the power and friendliness of software increasing. It seems likely that heavy industry will decline as a proportion of total industrial activity and employment.