Yes, from the mature US industry. Japan was just beginning to to develop. On Mon, Nov 19, 2012 at 6:41 PM, nathan tankus <[email protected]> wrote: > But didn't they protect their car industries in the 1950's and 1960's at > least? > > In any case, I think your response fits my point. The technology that > produced the qualities that the car market (especially the American > market) demanded were mostly in the hands of American companies and it > took a long time for both the qualities demanded to change and for the > technology to become generalized. > > As Howard Botwinick argues in his book on labor markets, there were > high barriers to entry that became high barriers to exit over the > industrial cycle. > > -- > -Nathan Tankus > ----------------------------------------------------------------------------------------------------------------------------------------------- > _______________________________________________ > pen-l mailing list > [email protected] > https://lists.csuchico.edu/mailman/listinfo/pen-l
-- Michael Perelman Economics Department California State University Chico, CA 95929 530 898 5321 fax 530 898 5901 http://michaelperelman.wordpress.com _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
