So Much For Declining U.S. Competitiveness
Remember all the hand-wringing about how the faltering competitiveness of U.S. industry would create a nation of burger-flippers? Well, the skeptics may have to eat crow. The latest report of the industry-backed Council on Competitiveness "shows a number of areas where we've had real improvement," says Paul A. Allaire, CEO of Xerox Corp. and chairman of the council. In 1993, for instance, the bottom-line index for competitiveness--a country's standard of living--rose 1.9% in the U.S., compared with only 0.2% in Japan. Overall productivity climbed 1.5%, while Japan's dropped 0.1%. And investment in plants and equipment jumped 11.8%, compared with a plunge of 8.5% in Japan.
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