Word: foreign
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Dates: during 1980-1989
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...nations. But there is another form of international competition that the U.S. is unquestionably losing, and it is no game. America, once the perennial champion of world trade, now seems in danger of dropping out of contention. In one industry after another, American companies have lost their lead to foreign competitors that are more innovative, efficient and responsive to the needs of consumers...
...that American industry simply is not in good enough shape to take advantage of the weak dollar. Many companies have trouble matching the quality of products from abroad. Other firms are running into production bottlenecks because they have skimped on investment. Some industries have been virtually wiped out by foreign competition: the share of the U.S. consumer electronics market held by American companies has plunged from almost 100% in 1970 to less than 5% today. When the Japanese started coming up with innovative products like VCRs and hand-held video cameras, U.S. firms decided to sell Tokyo's models rather...
...easy explanation, and the one that Michael Dukakis has been hinting at with his economic nationalist talk, is that U.S. companies are the victims of unfair foreign trade practices. Japan, in particular, is accused of erecting barriers against American imports and of "dumping" products in the U.S. at prices that are below the cost of manufacture. The only response, the argument goes, is to protect American industry with quotas and higher tariffs...
...where the money would come from. He rails against big mergers as anticompetitive, chiding former Attorney General Edwin Meese for not knowing the "difference between antitrust and antifreeze." Yet many trade experts believe that a relaxation of antitrust rules is necessary to allow U.S. companies to combine forces against foreign competition. Dukakis favors tougher enforcement of safety and environmental regulations, along with compulsory health insurance for workers that would be funded by companies. These are all worthwhile goals, but they will impose new costs on business, which, unless they are offset by new federal tax breaks, will hurt competitiveness...
Pinochet's defiance produced a bizarre pattern of dancing and rioting in the streets. Police fired tear gas and water cannons at some antigovernment protesters in two days of clashes that left dozens wounded and two people dead. More than 20 foreign journalists were among the injured. On Friday hundreds of thousands of Chileans celebrated the no vote with a joyous rally in Santiago. Singing and swaying to music by popular groups, they called on Pinochet to step down...