From publisher's description: Big Steel explores how the integrated steel industry is adapting to trade and international competition. These arise from the industry's diffusion beyond its historical core in North America and Europe. To show this occurred, Big Steel applies Paul Krugman's Nobel...

Intro -- Contents -- Preface -- Acknowledgments -- 1 Introduction -- 2 A Tough Industry -- 3 Prices, Preferences, and Strategy -- 4 Trading Steel -- 5 Survival -- 6 Steel in a Global Perspective -- Notes -- Bibliography -- Index -- A -- B -- C -- D -- E -- F -- G -- H -- I -- J -- K -- L -- M --...

This publication identifies the requirements for successful reallocation of labor and capital to more efficient uses in response to the emergence of new sources of competition, technological change and shifting consumer preferences. At the same time, it focuses on limiting adjustment costs for...