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Global Competitiveness for U.S. Manufacturers

The United States produces the most goods and services in the world.U.S. manufacturing rebounded from the recession faster than the rest of the economy. The sector is highly profitable and continues to expand. And U.S. industrial wares remain globally competitive, as rising inbound foreign...
The Internet of Things: Industrie 4.0 vs. the Industrial InternetNeed to Know . . .Industrie 4.0 strives to optimize production while the IIC’s research targets returns to any assetIndustrie 4.0 works on standardization whereas the IIC works on enabling platforms that might set future...
Fifty years ago, on a trip to China, the renowned Chicago economist Milton Friedman was shown some of the country's noteworthy public works programs in which hundreds of laborers were digging a canal with shovels. When he asked his hosts why they weren't relying on earth-moving equipment, the...
A rapid decline in U.S. export competitiveness for manufactures is having game-changing consequences for the international trade and financial systems. U.S. leadership capabil­ity has been reduced for pursuing a more open, nondiscriminatory trading system while trade relationships are shifting from...
It’s 2015 and there are still well-read individuals in our society—economists, business columnists, futurists—who think manufacturing doesn’t matter much anymore. Some point to manufacturing’s being 12% of the economy, down from 25% a half-century ago. Others theorize that in this information age, ...
An International Comparison of Pollution Abatement and Waste Management CostsThis study compares the costs of pollution control reduction faced by manufacturers in the U.S. and our largest trading partners in Europe, Latin America, and Asia. We analyzed the abatement costs for greenhouse gas...
Don Norman, director of economic studies at the MAPI Foundation, reviews the most recent manufacturing data on industrial activity. Indicators for industrial production, capacity utilization, orders for capital goods, and manufacturing employment paint a relatively positive picture. Manufacturing...
Need to Know . . .The price of oil has declined by 39% since JuneThe decline in the price is attributable to the almost 4 million barrels per day increase in U.S. oil production since 2008 and slowing growth in world oil consumptionBarring increased turmoil in the Middle East, the price of oil is...
I was recently invited to give a talk in Warsaw to executives of American companies operating in Poland. The seminar tackled two distinct issues of interest to Amcham members: the state of U.S. manufacturing and how TTIP (the transatlantic trade deal) is viewed by American business.On the topic of...
As global competitiveness grows as a goal of U.S. economic policy, debates on the appropriate levels of public and private investment in innovation will become a cornerstone of policy dialogue. Frontier science, whose expansion is critical for building innovative capacity, needs to be an especially...

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