Although a stable economy, abundant natural resources, free competition of ideas, and cooperation between government/universities/industries have been responsible for American preeminence in science/technology, it is threatened by high inflation, obsession with short-term results, declining respect for quality/value of products, and a…

Analyzes and compares Japanese and American industrial policy and labor practices. Proposes that certain aspects of the Japanese system be adapted by American businesses for purpose of increasing international competitiveness. Proposes specific actions and plans for both the Japanese and American systems. (ML)

Presents the viewpoint of a North American industrialist that the support of basic science by industry is essential for its future growth. (CS)