A comparison of the american and foreign economic competition

Search Toggle display of website navigation Argument: The Gathering Storm vs. By Hal BrandsCharles Edel July 14, Are we living through an era that resembles the s, when authoritarian leaders were on the march, democratic leaders failed to stand up to them, the international system buckled, and the world was dragged into war? Or are we living through something more like the late s, when America, recovering from its long engagement in a losing war and pulling itself out of a prolonged economic slump, began to take the course corrections that allowed it to embark on a period of national recovery and reassert its international ascendancy?

A comparison of the american and foreign economic competition

Based on information from the automobile manufacturers, Autofacts Yearbook Autofacts, Inc.


Page 96 Share Cite Suggested Citation: How Far Can We Go?. The National Academies Press. Hourly employment reached a recession low in the first quarter of as factories closed to respond to low retail sales and inventory reductions by dealers.

Apart from the cyclical slump in employment, the industry has lost more thanhourly jobs since see Figure Based on MVMA Indirect employment is also generated in industries connected to the assembly plants.

A comparison of the american and foreign economic competition

The GAO reported that 4. Thus, estimates for vehicles per worker range from 6. Page 97 Share Cite Suggested Citation: Thus, the displacement of one U. It is impossible to predict precisely what the impact of these new operations will be. It appears probable, however, that they will rely in part on imported parts and components and will be more productive than their U.

Further inroads by Japanese brands, whether imported or locally assembled, will reduce U. Productivity gains will also reduce labor needs. FIGURE Net vehicle output sales of new cars and used cars per worker in constant dollars and autos per worker. Employment is that in U.

Thoughts on China-U.S. Competition - CHINA US Focus

In its presentation at the committee's meeting on Maysee Appendix Fthe UAW estimated that for everytovehicles imported, 30, jobs in assembly plants and supplier companies would be lost, or roughly 7 to 8 jobs per car.

On December 18,General Motors said that this would reduce hourly employment by 15, people in and each year through the mids Frame, Attrition, according to General Motors, cut hourly jobs by 25, in Page 98 Share Cite Suggested Citation: In addition to having more cars to sell, Japanese manufacturers followed a logical particularly considering the import quotas path of product evolution, capitalizing on the comparable advantage that was available to them as producers of small cars under the CAFE system see Chapter 9.

They moved upmarket into larger and more luxurious models by the late s. The extension of Japanese product ranges into market sectors that provide the bulk of domestic industry profits—mid- and full-size cars and light trucks—has made the Japanese a greater threat to domestic industry profitability in the future than it has been over the past 10 years.

For example, although the Honda Accord and Toyota Camry were initially introduced as compact cars, both have increased in size and luxury features and are currently classified as midsize cars.

The Japanese producers have also fragmented the U. Today, the American consumer can choose among approximately nameplates of cars and light trucks, compared with only 10 years ago. The Japanese, on the other hand, have very efficient, flexible plants capable of producing several models and of adjusting to changes in the marketplace Womack et al.

As a result, the Japanese automakers have evolved from an initial strategy when they first entered the U.

Are we entering a redux of the dangerous 1930s or the geopolitical malaise of the 1970s?

This strategy has enhanced the threat they pose to the domestic manufacturers. Product Development The Japanese automakers also have a more efficient product-development process than their U.

Whereas it takes U. Moreover, the product-development effort requires 3 million person-hours in the United States, in comparison with only 1.

Japanese automakers thus have a significant competitive edge in product development with respect to development time and resource requirements.

The Gathering Storm vs. the Crisis of Confidence – Foreign Policy

Inthe top-selling car model in the United States had sales of , whereas in the top-selling model, the Honda Accord, had sales of onlyThe top 10 models had total sales of 2. Page 99 Share Cite Suggested Citation: Short product cycles mean that vehicles can be adjusted to changes in the marketplace more frequently.While commenting on President Obama’s State of the Union address, this author pointed out that the American government regarded competition in economic fields as the primary area of competition between the US and China for global leadership.

impacts on the automotive industry The U.S. automotive industry is facing a difficult if not unprecedented period of competition and capital spending in its efforts to compete with Japanese automakers and to meet pending government . America In The World – Foreign Policies & The Atlantic World European expansion into the Western Hemisphere caused intense social/religious, political, and economic competition in Europe and the promotion of empire building.

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A comparison of the american and foreign economic competition

These elements can be uncontrollable in nature and consist of demographics, social, economic, political, technological and competition.

Let's look at the foreign and domestic competition sections. American foreign policy and international security clearly are not headed in a positive direction today, but the analogy to the s risks overstating the problems and perils of our current.

A comparison of the american and foreign economic competition