In This Review

Manufacturing Matters
Manufacturing Matters
By Stephen S. Cohen and John Zysman
Basic Books, 1987, 297 pp

According to this lively book, manufacturing matters because it is the main source of wealth, jobs, international competitiveness and technological progress. Many of the variegated range of activities called "services" are closely linked to manufacturing in the national economy; others cannot fully substitute for the loss of manufacturing. The California authors make a good analytical case with hard-driving arguments (although it is not clear just what they think about American-owned plants abroad). Their policy recommendations are broad rather than specific and stress the importance of focusing large areas of public and private behavior on making manufacturing internationally competitive.