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U. S. Competitiveness in the Global Marketplace




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Stand:2015-08-04 03:50:33

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Excerpt from U. S. Competitiveness in the Global Marketplace: Hearing Before the Subcommittee on Foreign Commerce and Tourism of the Committee on Commerce, Science, and Transportation, United States Senate, One Hundred Third Congress, First Session, May 18, 1993 The subcommittee met, pursuant to notice, at 9:35 a.m., in room SR-253 of the Russell Senate Office Building, Hon. John F. Kerry (chairman of the subcommittee) presiding. Staff members assigned to this hearing Ivan A. Schlager, staff counsel, and Troy Cribb, professional staff member; and Kevin M. Dempsey, minority staff counsel. Opening Statement Of Senator Kerry Senator Kerry. The subcommittee of the Commerce Committee will come to order. We have an interesting morning planned and an opportunity to really get an overview, to do something that we do not always do here in the Senate in hearings; but to try to lay a record which explores an issue in some depth. And I am particularly grateful to the chairman of the committee. Senator Rollings, for supporting the subcommittee´s efforts and this committee´s efforts to proceed in this area. We have with us this morning the distinguished former Chairman of the Federal Reserve, the Honorable Paul Volcker, on our first panel. And I apologize to other panels, but his schedule is such that we need to listen to the chairman´s comments and have a round of questioning and then get him back to New York, because he is off on a foreign excursion and we do need to keep the schedule there. The second panel consists of Dr. Lester Thurow who has testified before before this committee, and Mr. Clyde Prestowitz, the president of the Economic Strategy Institute. And then a third panel, Mr. William Spriggs of the Economic Policy Institute and Mr. Robert Houseman of the Center for International Environmental Law. Let me just say a few words as an opening statement in laymen´s terms and then turn to the chairman if I may and then to my ranking member, Senator Gregg. The playing field of trade and the economic global marketplace has obviously changed and we hear a lot of rhetoric about it. And for the last few years, we have been dabbling with strategies and really trying to understand what is happening to us. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.


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