<p>Manufacturing matters - and today more so than ever before. Indeed, the widely held belief that we live in a "post-industrial" economy in which manufacturing has been displaced and somehow rendered obsolete by a white-collar and service economy is a dangerous myth that is seriously undermining our ability to compete successfully in world markets. For, as the authors of this brilliantly argued and extensively documented book point out, in today's sophisticated technological environments, high-tech services are inextricably linked to mastery and control of manufacturing. Lose manufacturing, and you will lose your competitive edge high-tech capabilities, as well as much else. It is the central theme of "Manufacturing Matters" that, unless there is a fundamental change in both corporate and public policies, that is precisely what is going to happen. The appearance on a mass scale of new micro-electronic based technologies has put the position of every nation in the international hierarchy of wealth and power, including the United States, up for grabs. To date, Cohen and Zysman report, this country has not adjusted well to these changes. Only by recognizing the crucial role of manufacturing and manufacturing skills, they insist, can we restore our competitive preeminence.</p>

Manufacturing Matters: The Myth of the Post-Industrial Economy

Business & Money

Stephen S. Cohen

John Zysman

Industries

Basic Books

The deterioration in the economic performance of the advanced industrial democracies during the 1970s provoked an intense debate about the role of government in economic adjustment and growth. In Governments, Markets, and Growth, John Zysman makes a significant contribution to our understanding of these critical international issues by demonstrating that there is a direct relationship between a nation's financial system and its government's ability to restart the growth engine.Professor Zysman argues that there are three distinct types of financial systems, each with different consequences for the political ties between financial markets, industry, and government. Zysman tests his argument by analyzing and comparing the patterns of industrial adjustment in five advanced nations. He contrasts the differing strategies of industrial adjustments primarily in France and Great Britain, but also in Japan, West Germany, and the United States. Governments, Markets, and Growth will be invaluable to the international banking and business community, a wide variety of government officials, and students of political science, economics, and business administration.

Governments, Markets, and Growth: Financial Systems and Politics of Industrial Change

Economics

Cornell University Press

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Books by John Zysman