At the highest levels in Washington, the nation's policymakers are increasingly wondering whether the U.S. can stay competitive in major world markets. The rising ability of foreign manufacturers to outproduce and undersell the U.S. in many industries has become a prime source of worry to the men closest to President Nixon. They are particularly shocked by several portents, including the fact that imported cars account for 33% of all new-auto sales in California and the expectation that Japan will turn out more steel than the U.S. in 1974. They are upset by...
To continue reading:
or
Log-In
