Resurgence in U.S. manufacturing needs policy boost

03/27/2013 | IndustryWeek

A new economic forecast by MAPI and the Aspen Institute indicates a potential resurgence by U.S. manufacturing if the government makes modest shifts in policy. "With no changes in public policy the manufacturing base will continue to shrink as a share of GDP as it has for the past decade. With just a few policy shifts, however, manufacturing in America can experience a resurgence that will ensure new innovation, increased productivity, more jobs, and a rise in living standards on our shores," said Stephen V. Gold, MAPI president and CEO. The study's authors identify pursuit of additional free-trade agreements and aggressive action against international currency devaluations as key policy steps.

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