Economic Policy Issues for 1988 and Beyond

The 1980s have been especially difficult years for industrial areas of the country. We have experienced an enormous transformation in our economies. Once prominent industries have declined in absolute and relative importance. Under the pressures of competition, firms have been forced to alter operations and restructure facilities. Change of this sort is usually painful for the people and the communities involved, but if change is inevitable and leads to a better world, then much has been accomplished.