MAKING AMERICA COMPETITIVE
How does the United States go about regaining its competitive edge? According to the MIT Commission on Industrial Productivity, the nation must adopt a long-range view toward production, education, and corporate purpose.
The commission recommends:
Putting products and manufacturing ahead of short-term financial considerations.
Looking away from corporate quarterly earnings to such measurements as quality, new-product development, and the time it takes to get products to market.
Better use of existing and new technologies.
Moving toward product customization and production flexibility.
Creating a new ``economic citizenship in the work force.''
Creating a better sense of American labor and industry as being part of a world marketplace. That, in turns, requires a better-educated work force aware of overseas languages, cultures, and practices.
Upgrading the US transportation and communication infrastructure. Encourage saving and investment through fiscal and monetary policies, rather than promoting spending and consumption.