In March 1989, the U.S. Trade Representative requested the U.S. International Trade Commission to conduct an investigation and prepare a report on the competitive position of the U.S. gear industry in U.S. and global markets.

In May of this year the U.S. International Trade Commission made public its Report to the President on the condition of the U.S. gear industry. This 200+ page document is the result of a two-year study by the commission, with the help of the AGMA staff and members. It is the most comprehensive and current analytical coverage of the industry conditions and tends presently available. Because of the importance of this report to the industry, GEAR TECHNOLOGY is devoting a good portion of this issue to reprinting the Executive Summary for our readers.

These are changing times for industry. Trauma and uncertainty are always a part of change, and change is not always for the better. Change is usually forced, most frequently by competition. Our competitive free enterprise system should be able to respond to competition because that's its basis. These are critical years. If we do not respond effectively to change and competition, it could be disasterous.