The 2013 Aviation Summit, held on Thursday, March 28 at the U.S. Chamber of Commerce, showcased the critical contributions the U.S. aerospace and airline industries make to the U.S. economy, while highlighting policy issues that must be addressed if these industries are to remain globally competitive. This matters because, as ITIF explains in Fifty Ways to Leave Your Competitiveness Woes Behind: A National Traded Sector Competitiveness Strategy, the health of U.S. traded sector enterprises in industries such as aerospace, automobiles, and airlines—all far more exposed to global competition than local-serving firms and industries—simply can’t be taken for granted.
Strengthening America’s Clean Energy Manufacturing Capability
In a piece for Ideas Lab, Matthew Stepp and Clifton Yin argue for continued support for DOE's recent Clean Energy Manufacturing Initiative. Manufacturing has been an overlooked and underfunded component of the nation’s economic competitiveness strategy for far too long and it’s particularly important for the nascent clean energy economy. The Initiative is a significant first step on the path to a robust U.S. clean energy manufacturing sector and will be a boon to clean energy innovation as a whole.
Why the 2000s Were a Lost Decade for American Manufacturing
ITIF estimates that over 60% of U.S. manufacturing job losses in the 2000s were due to competitiveness challenges, rather than productivity gains. While this was occurring, and while our leaders could not agree on whether it was a problem, other nations such as China and India were greatly increasing market share in the same industrial sectors, through coordinated national efforts to expand innovation, productivity and exports. We can expect overall manufacturing output, and the jobs that are based on it, to continue to recede unless we address the real problems we face. Namely, how do we make American firms more globally competitive to increase output, production and real growth? But that will be the topic for another day.