ITIF Leads Broad-based Group in Creating Manufacturing Charter
WASHINGTON - ITIF and nearly two dozen individuals representing a diverse group of organizations unveiled A Charter for Revitalizing American Manufacturing. This set of policies would help restore this critical sector and revive overall economic growth.
The charter is the product of a collaboration by individuals from business and labor organizations, think tanks, non-profits, and academic institutions. Their unanimous support for the charter underscores the broad consensus on the fundamental importance of manufacturing and considerable agreement on how best to revitalize it. Signatories to the charter plan to present it to lawmakers and Administration officials over the coming months.
"The consequences of our neglect of manufacturing are being played out in a historic recession and fragile recovery. We need a new course as soon as possible," said ITIF Senior Analyst Stephen Ezell. "Without a robust manufacturing sector we will not have enough job opportunities, nor sufficient innovation and R&D to stay globally competitive. Manufacturing is also critical to national security and getting our trade accounts back in balance. I hope policymakers will adopt the recommendations in the charter."
While the United States retains important strengths in manufacturing, U.S. manufacturing firms continue to face many challenges as international competition has intensified. The country needs a coherent national manufacturing strategy centered on U.S.-based investment, innovation, and production. The strategy should be based upon the "Four T's:" Technology, Trade, Tax, and Talent.
A Charter for Revitalizing American Manufacturing includes these core goals:
-Expanding the Administration's goal from doubling exports to transforming the U.S. into a net exporter of manufactured goods.
-Making the U.S. the world's best manufacturing environment, in part by ensuring that U.S. manufacturers have access to the world's best technology, talent, and infrastructure.
-Promoting a set of policies that support the entire lifecycle of technology development-from R&D, invention, and innovation to scale-up for efficient production and market development-to take place in the United States, allowing U.S. establishments and workers to capture maximum value-added.
Among the signatories to the charter the following individuals:
Bob Baugh, AFL-CIO Industrial Union Council;
Scott Boos, Alliance for American Manufacturing;
Doug Woods, AMT-Association for Manufacturing Technology;
Howard Wial*, The Brookings Institution;
Michael Stumo, Coalition for a Prosperous America;
Jack McDougle*, Council on Competitiveness;
Clyde Prestowitz, Economic Strategy Institute;
Robert Atkinson, Information Technology and Innovation Foundation;
Jeff Finkle, International Economic Development Council;
Stephen Gold, Manufacturers Alliance/MAPI;
Mark Rice, Maritime Applied Physics Corporation;
Lenny Mendonca, McKinsey Global Institute;
Fred Wentzel, NACFAM;
Emily DeRocco,NAM - The Manufacturing Institute;
Drew Greenblatt, Regional Manufacturing Alliance;
Harry Moser, Reshoring Initiative;
Mark Tomlinson, Society of Manufacturing Engineers; and
Jerry Jasinowski, Former Presdient, NAM and NAM - The Manufacturing Institute.
William Bonvillian, Director of the MIT Washington Office, served as an Advisory Contributor to the charter.
*As an individual signatory, not necessarily representing the view of the organization with which he is affiliated.
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