Featured Issue

FEATURED ISSUE

The idea of a manufacturing strategy or industrial policy is hardly a radical concept. Alexander Hamilton constructed America’s first industrial policy in 1791. Setbacks during the War of 1812 due to a lack of domestic capacity to build naval vessels and military equipment cemented the determination of the federal government to grow manufacturing, a policy that continued until the end of World War II.

Today, globalization and such economic approaches as a strong dollar policy favoring domestic consumption have helped to steadily erode manufacturing as a percentage of Gross Domestic Product, as well as private-sector employment and other key measures. AAM has called for a national manufacturing strategy to reverse the decline in U.S. manufacturing and the good jobs that come with it. Any manufacturing strategy must take into account the severe imbalance in U.S. trade with China, which has manipulated its currency and subsidized its industries to create unfair competition with U.S. manufacturers.

The United States must engage in serious bilateral talks with China to ensure it eliminates its many mercantilist and protectionist policies. Public investment in infrastructure development and such value-added manufacturing as clean energy also should be a part of the strategy, as well as retaining Buy America requirements. The surest path forward is to invest more in domestic manufacturing and reform our trade policies. Such actions will create more exports, more jobs, more innovation and more growth.

Click here to view AAM's plan for a 'National Manufacturing Strategy.'

@KeepitMadeinUSA on Twitter

  • The U.S. is competing without a manufacturing strategy, and the trade numbers show we’re getting our butts kicked. http://t.co/mtxfMmXMkq 14 hours 47 min ago
  • So much for that "rising star" thing. http://t.co/mtxfMmXMkq 15 hours 31 min ago
  • What made @papergirlmacy cry while working on the book Factory Man? @NewsHour has the answer: http://t.co/R56dMJNgeF 16 hours 28 min ago
  • Love this! College's new mobile manufacturing training lab provides on-demand training in advanced manufacturing: http://t.co/hGsSIwqgKa 17 hours 33 min ago
  • "We were going to compete, and remain an American manufacturer, and from that time on, we never looked back." http://t.co/3PuYpsFqT9 18 hours 18 min ago
  • More buzz for Factory Man, this time from @NewsHour. "It’s the largest employer in town. But it wasn’t & isn’t easy." http://t.co/3PuYpsFqT9 19 hours 9 min ago
  • @RossiMachServ How wonderful! We'd love that. 19 hours 12 min ago
  • The U.S. might be a "rising star" in manufacturing, but there's still a lot of work left: http://t.co/b6c8JbKyEX 1 day 12 hours ago
  • If the United States wants to maintain its "rising star" manufacturing status, it must do a few key things: http://t.co/yVBTFyywYF 1 day 15 hours ago
  • That's right: the U.S. is a "rising star" in manufacturing. But there's more to do to increase our competitiveness: http://t.co/yVBTFyywYF 1 day 16 hours ago