What's needed to help U.S. manufacturing thrive in the 21st Century?
Posted by scapozzola on 05/01/2012
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.
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