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U.S. Manufacturing

The Engine for Growth in a Global Economy

by Thomas J. Duesterberg, ed., Ernest H. Preeg, ed.

 

This book provides policy recommendations for a critical sector poised to lead a global economic recovery.

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Cover image for U.S. Manufacturing

September 2003

Praeger

Pages 264
Volumes 1
Size 6 1/8x9 1/4
Topics Economics/General
  • Hardcover

    978-0-275-98041-2

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    978-0-313-09388-3

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Evolving rapidly from a mass-produced product orientation to a flexible, solutions-oriented model, the changing manufacturing sector is poised to lead a global economic recovery. Truly an insider's guide to the future of this critical sector, this book provides policy recommendations based on a wealth of information.

Despite the appearance of difficult economic times for U.S. manufacturing, that sector of the American economy is actually the most innovative and competitive in the world. Far from being confined to the tired stereotype of Industrial Age commodities, such as steel and mass-produced consumer products, U.S. manufacturing has long been an engine for growth. In the 1990s, this central role was strengthened as new technology development and application spurred higher levels of growth throughout the economy. In its present configuration, manufacturing includes such high-tech industries as fiberoptics and microchips. Globalization has accelerated the growth of the manufacturing sector by increasing competitive pressures to cut costs and develop new products faster, spreading out the fixed costs of R&D and investment.

Truly an insider's guide to the future of this critical sector, this book provides policy recommendations based on a wealth of information. Evolving rapidly from a mass-produced product orientation to a flexible, solutions-oriented model, the changing manufacturing sector is poised to lead a global economic recovery. But it can do so only if the right policies are in place in the United States. To that end, the editors of this volume recommend fiscal and tort reform, higher educational achievement, and continued deregulation. At the international level, further trade liberalization and steps to reduce the trade deficit are recommended to ensure the staying power of U.S. competitiveness, particularly for technology-intensive industries.

Table of Contents

List of IllustrationsPrefaceForeword by Robert McTeerIntroduction and Principle Conclusions by Thomas J. DuesterbergThe Transformation of U.S. Manufacturing: A Broad Analytic Framework by Ernest H. PreegThe Changing Structure of U.S. Manufacturing and Its Labor Force by Daniel J. MeckstrothThe Central Role of New Technology Development and Application by Jeremy A. LeonardBroadening Value Added to Include "Solutions," Customized Products, and Related Services by Joseph V. KennedyNew Paradigms for 21st Century Manufacturing and Their Impacts on Automation by Jeffrey F. WerlingThe Rapid Globalization of Markets for U.S. Manufacturing by Ernest H. Preeg and Jeffrey F. WerlingThe Changing Nature of the Firm by Donald A. NormanThe Engine for Growth in a Global Economy: An Integrated Policy Response by Thomas J. Duesterberg and Ernest H. PreegBibliographyIndex

Reviews/Endorsements

Reviews

This volume provides a comprehensive analysis of the essential role of the manufacturing sector of the US economy. The increase in the relative importance of the service sector and the globalization of manufacturing has tended to dull the image of US manufacturing....This volume contains much useful data that has been condensed into tables and charts to provide support to the reader without interrupting the flow of the text. It affords manufacturing the recognition that it deserves, recognition that has been taken for granted to a large extent. Useful endnotes and bibliography. Highly recommended. Public; academic, upper-division undergraduate and up; and professional library collections—Choice

Endorsements

A valuable manuscript and its analysis is well supported by the evidence. It is a substantial and illuminating contribution.—William J. Baumol^LProfessor of Economics, New York University

A succinct yet comprehensive overview of the future for U.S. manufacturing. Anyone who thinks the best days of the U.S. industrial sector are over should read this book.—The Honorable Barbara Hackman Franklin^LFormer U.S. Secretary of Commerce, President and CEO, Barbara Franklin Enterprises

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