Transcription of We'd Better Watch Out
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We'd Better Watch Out
MANUFACTURING MATTERSThe Mythof the Post-Ind4stricl Stephen S. Cohen and John and Charts. 297 pp. Nerr York:A Council on F or eign Relations Book /Basic Books. $1 Robert M. SolowIF HERE is a lot of loose talk about the "deindus-I trialization" of the United States economy. WeI are losing our manufacturing industry to for-I eigners and becoming a "service economy" (ifyou like the idea) or a "nation of hamburger stands andinsurance companies" (if you don't like the idea). Ste-phen S. Cohen and John Zysman tregin their book,"Manufacturing Matters: The Myth of the Post-Indus-trial Economy," by insisting, quite correctly, that nosuch thing can happen. The orders of magnitude aresuch that the United States could not hope to pay for itsmanufacturing imports by selling seryices abroad. weneed too many goods, and there are not enough serv-ices. One way or another we will continue to be of goods, including manufactures, and probablynet exporters of goods in order to pay interest on thedebts we have incurred during the consumption bingeof the 1980' That doesn't make things all right.
MANUFACTURING MATTERS The Mythof the Post-Ind4stricl Economy. By Stephen S. Cohen and John Zysman. Tables and Charts. 297 pp. …
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