International Comparisons

A new stark reality emerged in the 1980s — the impact of industrial competition. In most industrial nations, the struggle to survive had become, by then, an integral part of each manufacturing company’s way of life. To downsize, once an anathema to business, had become an acceptable course of action, demanded by necessity or some comprehensive corporate strategic decision. The economic world of the 1980s was very different from that of the 1960s and 70s. The 1990s continued the trend. The new millennium has increased the pace.