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An overview despite more than thirty years of intermittent fanfares proclaiming the onset of the postindustrial society, our manufacturing industries are still the basic driving force of our economy. Their growth has been one of the dominant sources of our rising standards of living as well as of our nation's expanding influence in international affairs since the beginning of this century. Both of these achievements would be seriously undermined by a failure to maintain the competitive strength of this critical sector of our economy through continued vigorous development. Therefore, confronting the threats to these industries from abroad and establishing the means of dealing with them effectively must become a national priority.

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