A new study by Martin Bailey and Barry Bosworth confirms previous research conducted by ITIF which shows a steep decline in U.S. manufacturing output over the last decade. This new data will hopefully serve as a wakeup call for policymakers on the need to address the competitiveness and growth issues faced by this vital sector.
Manufacturing Institutes: A Key to Revitalizing U.S. Manufacturing
The U.S. has developed a number of innovative technologies, from LED displays to solar cells, and then seen the large scale manufacturing of these products move overseas. The National Network for Manufacturing Innovation (NNMI) is a unique, government-university-industry partnership designed to address this issue by creating a conduit for innovative R&D to be transitioned to design and manufacture he in the United States, promoting competitiveness and job growth.
Industry Policy Should Not be Black and White
For the US to develop an effective national manufacturing strategy, manufacturers will have to move beyond their often knee jerk opposition to government and recognize the ways governments at all levels can promote business development and growth. Absent this maturation, we can only expect more of the same: each side talking past each other, building up resentments, and getting nowhere as our competitors are laughing all the way to the bank.