This chapter examines recent developments in the U.S. competitive position from both economywide and sector-specific perspectives. At the former level, competitiveness may be measured by comparing the average of domestic prices or costs with those abroad, after allowing for changes in exchange rates; while at the disaggregated level, the price and cost comparisons are carried out with respect to sectors, industries, and products.
© 1986 American Enterprise Institute
Arndt, Sven W. 1986. Government Policy and the Decline in U.S. Trade Competitiveness. In P. Cagan (ed.), Contemporary Economic Problems: The Merit of the Reagan Program: 308-323. Washington, D.C.: American Enterprise Institute.