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Over the past decade, its furniture factories buckled under foreign competition and the housing collapse.
But Molycorp, like other foundation stones of American industrial pre-eminence that have cracked or eroded under foreign competition, faces challenges that may prevent its bet from paying off.
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With the currency at its highest in 20 years against a range of counterparts, sectors like manufacturing, retail and tourism are under intense foreign competition.
Shortly after the birth of Homebrew, he decided that it was time to get out of the semiconductor industry, which was then under assault from foreign competition.
Sentences have become much harsher recently, in an effort to deter wrongdoing as the end-2006 deapproachesroaches for China's financial market to open fully to foreign competition under its commitments to the World Trade Organisation.
But Molycorp, like other foundation stones of U.S. industrial pre-eminence that have cracked or eroded under the pressure of foreign competition, faces challenges that may prevent its bet from paying off.
Most tellingly, perhaps, we see it in the lack of political will to open up key sectors of the economy like retail to foreign competition, under the populist pretense of protecting existing jobs.
Buyers were loyal, and Buick's turf, large cars, was not under direct assault from foreign competition in the early 1990s.
Whatever the source, the NNMI came along at a propitious moment when U.S. manufacturing was under severe stress from foreign competition and a growing number of manufacturing companies were cutting back on research and development - an unfortunate trend that continues.
During the 1970s and 1980s, the U.S. steel industry came under increasing pressure from foreign competition and from American mini-mills that had much lower overhead by using salvaged steel.
American wages have stagnated under the weight of foreign competition; and American living standards have been maintained only by (and to the degree that) America's overseas competitors have been prepared to reinsert their trade surpluses back into circuits of American finance.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com