There is no inherent reason that the United States could not run a significant trade surplus in manufacturing. America possesses the tools, talent and resources to revive industrial production and our innovation economy.
But to do so, the United States needs a national strategy for manufacturing renewal that focuses on a cohesive set of polices, as opposed to the hodgepodge of disjointed and often contradictory efforts currently being undertaken by multiple levels of government.
That's the view of Robert Atkinson, president of the Information Technology and Innovation Foundation.
"We need a game plan that helps American manufacturers compete and win in the global economy," Atkinson says.
A national manufacturing strategy, Atkinson asserts, would help U.S. industries stay on the cutting-edge of emerging technologies, enhance overall knowledge generation and thereby prevent economy-wide erosion of innovation capacity even if some market share is lost to overseas competitors.
For more, read "Why America Needs a National Manufacturing Strategy"
in sister publication IndustryWeek.