As of late, a myriad of concerns about shortcomings in the U.S. workforce have taken center stage in the post-crisis U.S. dialogue. While labor market activity has improved modestly since the end of 2011, persistently sluggish U.S.
The following is an analysis from Daniel J. Meckstroth, Ph.D., Vice President and Chief Economist for the Manufacturers Alliance for Productivity and Innovation (MAPI), regarding the Institute for Supply Management (ISM) index for April 2012.
China produces some 95% of rare earths but controls less than half of the global resource base. The country achieved this dominant position by lowering prices. Attractive pricing and the ability to avoid environmental consequences associated with mining and processing rare earths essentially prompted other countries to cede such operations to China.
A crisis-weary world has been nervously watching China’s economic growth slow, most recently to 8.1 percent for the first quarter of 2012. This is the weakest economic performance since the third quarter of 2009. Efforts to contain inflation along with a shaky global economy have been the gener
The benefits of manufacturing hubs or "clusters" --- the "geographic concentrations of interconnected companies and institutions in a particular field" --- have long been recognized by academics (see HBR