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The U.S. economy in crisis : adjusting to the new realities /
Pearl M. Kamer.
imprint
New York : Praeger, 1988.
description
xii, 203 p.
ISBN
0275930726 (alk. paper)
format(s)
Book
Holdings
More Details
imprint
New York : Praeger, 1988.
isbn
0275930726 (alk. paper)
general note
Includes index.
catalogue key
3611400
 
Bibliography: p. 185-196.
A Look Inside
Full Text Reviews
Appeared in Choice on 1989-04:
Kamer treats the problems of "deindustrialization" occurring in theUS because of the restructuring of jobs within manufacturing and the shift of jobs to the service industries. He makes challengeable arguments concerning the growing inability of the US to compete in global markets (though exports are booming); and the country's inattention to the impact of other countries' economic growth as a factor in the US trade deficit. Kamer asserts a decline of the middle class and a shift to low-paying service industries (while neglecting the role of educational attainment in this process and the decline in manufacturing jobs such as textiles, apparel, and elsewhere, which also are low paid). The author decries the efficacy of macro-policy solutions in favor of national planning for selected industries (that is, making appointed public committees, not markets, the allocators of economic resources). Much of this ground has been explored by Barry Bluestone and Bennett Harrison in The Deindustrialization of America (CH, Apr '83), and in their The Great American Job Machine: The Proliferation of Low Wage Employment in the U.S. Economy (1986). The style of this book is journalistic and frequently derivative, citing many related studies. Good summary of issues; useful presentation of many statistical tables. For informed general readers and students of economics. -H. I. Liebling, Lafayette College
Reviews
Review Quotes
'œKamer treats the problems of 'deindustrialization' occuring in the US because of the restructuring of jobs within manufacturing and the shift of jobs to the service industries. He makes challengeable arguments concerning the growing inability of the US to compete in global markets (though exports are booming); and the country's inattention to the impact of other countries' economic growth as a factor in the US trade deficit. Kamer asserts a decline of the middle class and a shift to low-paying service industries (while neglecting the role of educational attainment in this process and the decline in manufacturing jobs such as textiles, apparel, and elsewhere, which also are low paid). The author decries the efficacy of macro-policy solutions in favor of national planning for selected industries (that is, making appointed public committees, not markets, the allocators of economic resources). . . . The style of this book is journalistic and frequently derivative, citing many related studies. Good summary of issues; useful presentation of many statistical tables. For informed general readers and students of economics.'' Choice
This item was reviewed in:
Choice, April 1989
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Summaries
Long Description
This timely and important book takes a serious view of our current economic situation. The author's conclusions differ from the conventional wisdom, which suggests that the manufacturing sector is regaining much of its dominance as a result of the declining dollar, that exports will take over as a major source of economic growth, that a recession is unlikely, and that a depression is no longer possible. Indeed, she outlines many similarities between the excesses of the 1980s and those of the 1920s which led to the Great Depression. The author provides convincing evidence that the recent economic recovery may only have provided a smokescreen for the continued deterioration of the U.S. economy.
Table of Contents
Deindustrialization and the Service Economy
Why Don't the Old Rules Work?
The Dynamics of Deindustrialization
The Service Sector as an Engine of Future Job Growth Restoring United States Competitiveness
What Can Be Done?
The Economy of the Future
Adjusting to the New Realities
Table of Contents provided by Publisher. All Rights Reserved.

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