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Book Chapter


Economics (CMC)

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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.


Originally published in Contemporary Economic Problems: The Merit of the Reagan.

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© 1986 American Enterprise Institute

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