The assumption that there will be suffucient jobs created in the sunrise industries to replace all those lost in declining heavy industry is challenged in a report from the US Council on Competitiveness, which is chaired by Hewlet-Packard Co president John Young: according to Associated Press, the report says that only a concerted effort by government, industry and the nation’s schools can reverse the trend – In field after field, from combustion engineering to consumer electronics, from machine tools to the integrated circuit, foreign competitors have moved into markets pioneered and once dominated by American firms, declares, pointing out that in record players, the US share of its home market fell to 1% in 1987 from 90% in 1970, in telephone to 25% from 99%; foreign inventors were awarded 47% of US patents in 1987, up from 35% in 1975; and by 1986, Japan had taken 65% of the world chip market.
