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
- What's funding the military buildup in China? • by TGarland • 04/23/2014
- Quote Of The Day: "It's time the administration stiffened its spine" on trade issues • by mmcmullan • 04/22/2014
- Foxx takes to the road to push for transportation fixes • by mmcmullan • 04/17/2014
- Obama vs. Bush: Who actually made more progress in revaluing China’s yuan? • by scapozzola • 04/16/2014
- Treasury decision on China currency will cost U.S. jobs: Alliance for American Manufacturing (AAM) Statement. • by scapozzola • 04/15/2014
- OPINION: Fix the vulnerable defense industrial base • by mmcmullan • 04/14/2014
- Manufacturing Jobs & #EqualPay • by LRaup • 04/11/2014
- Rep. Sandy Levin talks currency and the TPP • by mmcmullan • 04/10/2014
- Throwback Thursday: Obama promises 1 million new manufacturing jobs • by TGarland • 04/10/2014
- What can we expect from the upcoming Treasury report on exchange rates? • by mmcmullan • 04/08/2014