Rock, paper, scissors: Lessons from the steel industry - Should paper listen?

The US paper industry should understand competent management and continuous innovation in a competitive environment in order to ensure the proper growth of the industry. It is suggested that investment in new technology and processes ensures the benefits to companies and the government policies is not the optimal solution to improve the industry. The United States is although a powerful nation but does not dominate world trade or the internal affairs of its competitors and exhibits a laissez faire style with regard to industrial policy while simultaneously being significantly involved in industry operational regulation. The US firms find themselves competing with foreign firms with the governments which provide capital investments and subsidies for industrial operations while imposing operational regulatory restrictions, thus providing the foreign firms with several cost advantages.