What it takes to meet the Japanese challenge.

W. L. Givens, W. V. Rapp

Research output: Contribution to journalArticlepeer-review


The Japanese import and develop the technology for an industry, protect it in the initial domestic phase, then turn to markets in developing and industrial nations. America has had the advantages of market size, natural resources, capital, technology and a capitalistic system, but must learn to compete on a global basis. The policy of protecting low-productivity industries as they become noncompetitive is self-defeating. Government regulations have been a major constraint on exports. The saving rate has been low. - Forrest McElhoe Jr

Original languageEnglish (US)
Pages (from-to)104-120
Number of pages17
Issue number12
StatePublished - 1979
Externally publishedYes

All Science Journal Classification (ASJC) codes

  • Business and International Management
  • General Business, Management and Accounting
  • Economics and Econometrics


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