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By David J. Gingery

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Compare with other industrialized nations as far as labor productivity is concerned? What is meant by a “comparative advantage” in international trade? How is “gross domestic product” defined? What is the primary purpose of the General Agreement on Tariffs and Trade (GATT) and the North American Free Trade Agreement (NAFTA)? When was the use of numerical control (NC) of machine tools introduced in the U. S.? What are some of the advantages of numerical control over manual control of machine tools?

1989. Production and Operations Management. Englewood Cliffs, NJ: PrenticeHall, Inc. L. 1987. Manufacturing Organization and Management. Englewood Cliffs, NJ: Prentice-Hall, Inc. Census of Manufactures, Preliminary Report, Summary Series. 1992. MC92-SUM-1(P), Washington, D. S. Government Printing Office. Cleland, D. 1996. Strategic Management of Teams. New York: John Wiley & Sons, Inc. Dauch, R. 1993. Passion for Manufacturing. Dearborn, MI: Society of Manufacturing Engineers (SME). p65 Industry and Product Classification Manual.

Unfortunately, the U. S. balance of trade record since the early 1980s has not been good. In 1995, the U. S. 3 billion was set in Chapter 2: The Competitive Challenge in Manufacturing 1987. Thus, in spite of the fact that U. S. 6% per year, the U. S. continues to be a debtor nation as far as exporting is concerned. 2 TTrade rade Agreements Although it is generally agreed that the United States cannot expect a one-for-one export/import swap with some countries, there is a great deal of optimism among industrial and government leaders on improvement potential over the long range expected from various trade agreements with foreign nations and groups of nations.

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