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首页> 外文期刊>Paper Tree Letter >America's Fallen Dollar: An Opportunity To Rebuild Sustainable Competitiveness For U.S. Mills
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America's Fallen Dollar: An Opportunity To Rebuild Sustainable Competitiveness For U.S. Mills

机译：美国下跌的美元：为美国米尔斯重建可持续竞争力的机会

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摘要

In 2002, the U.S. dollar began showing weakness against the major currencies of the world; this weakness was a welcome change for the U.S.-based manufacturers, in particular the international commodity producers like the pulp and paper industry. For many years the U.S. pursued a strong dollar policy that led to a prolonged slide in the values of the European and Canadian currencies. This appreciation of the U.S. dollar through the 1990s up to 2002 gave the pulp and paper producers in those regions amore favorable competitive position and more cash flow; therefore it allowed the producers the opportunity to make investments in their operations. It is easier for companies to justify investments when they think their currencies will continue to devalue, hence giving them an improved competitive position. Only European companies went out and invested in their operations to any great extent, improving their efficiencies, and shifting productions to higher valued production. North American producers haven't made the investments to nearly the degree that the Nordic companies have; however, conditions have changed and now may be the time, at least for the U.S. producers.
机译：2002年，美元兑世界主要货币开始走软;对于美国制造商来说，这一弱点是可喜的变化，特别是纸浆和造纸工业等国际商品生产商。多年来，美国奉行强势的美元政策，导致欧洲和加拿大货币的价值长期下滑。 1990年代至2002年美元的升值使这些地区的纸浆和造纸生产商获得了更有利的竞争地位和更多的现金流量;因此，它使生产者有机会对其运营进行投资。当公司认为自己的货币将继续贬值时，更容易为投资辩护，从而提高了竞争地位。只有欧洲公司出去并在很大程度上投资于他们的运营，以提高效率，并将生产转移到更高价值的生产。北美生产商的投资还没有达到北欧公司的水平。但是，情况已经改变，现在也许是时候了，至少对于美国生产者而言。

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