1990 | OriginalPaper | Chapter
Small-Scale Industry at a Crossroads: U.S. Machine Tools in Global Perspective
Author : Bo Carlsson
Published in: The Economics of Small Firms
Publisher: Springer Netherlands
Included in: Professional Book Archive
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In 1975, the United States was the world’s largest producer of machine tools, the second largest exporter, and had the lowest degree of dependence on imports of all major machine tool producing countries. By 1987, the U.S. had slipped into fourth place as producer of machine tools (behind Japan, F.R.G., and the USSR), into sixth place in exports (behind Switzerland, G.D.R., and Italy), and relied on imports for more than half of its supply of machine tools.