The case for product liability reform - now! (Perspective)

Industrial Management | July 1, 1992| | Copyright

American business has been accused of falling behind, but there is one thing we are still better at producing than any nation on earth: costly lawsuits that sap our competitiveness. Yet, if the first step toward solving a problem is recognizing it, we are making progress - there is growing consensus about the dangers of the "litigation monster" we have unleashed.

Vice president Quayle raised the level of debate last year when he asked a meeting of the American Bar Association, "Does America really need 70 percent of the world's lawyers? Is it healthy for our economy ...

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