This book presents analyses of several distressed industries in the United States, including the steel, footwear, textile and apparel, paper and publishing, and automobile industries. It particular, it focuses on the influence of the new era of globalization on these industries, as the authors argue that the transition to their current distressed states was triggered by the structural changes that resulted from globalization. While the inevitability of the negative impact of globalization may lead some to neglect research of distressed industries, these industries continue to survive and productively contribute to the economic base of the United States. Their stories are about the changing structure, conduct, and performance of the industrial United States.
Contents: Preface; Introduction; Global competition and policy analysis: trade adjustment assistance; The footwear industry; The garment industry; The steel industry; The pharmaceutical industry; The printing and publishing industry; The automobile industry; Perspectives on policies for distressed industries; Bibliography; Index.