What's needed to help U.S. manufacturing thrive in the 21st Century?
In an editorial in Real Clear Markets, Thomas A. Hemphill and Mark J. Perry (both of the University of Michigan in Flint), say that the U.S. needs a manufacturing strategy that focuses on making America's industrial sector globally competitive in the 21st century. The two argue that the U.S. needs a regulatory, trade, and tax environment that can "encourage innovation, research, and investment" in "one of America's most historically important industries":
Whether one is in the policy camp of manufacturing "resurgence" or "decline," proper government support for a thriving U.S. manufacturing sector is critical for the nation's long-term economic growth, a higher standard of living, and for national security purposes.
Related recent Blogs
- U.S. Named Among “Rising Global Stars” in Manufacturing • by elizabethbb • 08/20/2014
- If America Won’t Invest in America’s Infrastructure, China Will • by elizabethbb • 08/19/2014
- Yes, Manufacturing Jobs Are Coming Back. But Will Progress Happen Fast Enough? • by elizabethbb • 08/18/2014
- Improving Our Railways: A Key Part of Rebuilding America • by elizabethbb • 08/14/2014
- Five Tests Walmart Must Pass to Show its 'Made In America' Street Cred • by spaul • 08/13/2014
- More Evidence the "Jobs Recovery" Isn’t All It’s Cracked Up to Be • by elizabethbb • 08/12/2014
- More Work to Do, Indeed • by elizabethbb • 08/11/2014
- WTO Upholds Ruling Finding China Guilty in Rare Earths Export Restraints Case: Alliance for American Manufacturing statement. • by scapozzola • 08/07/2014
- No, Technology Isn’t an Automatic Job Killer • by elizabethbb • 08/07/2014
- Secretary Foxx Wants YOU… to Do Something about Infrastructure • by elizabethbb • 08/06/2014