Advanced Manufacturing in the American South: An Economic Analysis Supporting Regional Development
Monday, September 9, 2013
A cluster strategy of economic development is the appropriate framework for promoting the evolution of a strong advanced manufacturing sector in the American South and beneficial spillover impacts for the broad regional economy.
Innovation deficits and labor force gaps are the biggest challenges but are not insurmountable. Well-placed investments in the development of science and technical education will likely yield measureable returns.
The Southern states have been effective in promoting a low-cost strategy of economic, and particularly manufacturing, advancement. This strategy needs to be supplemented by investments that will promote value-added in the production process, an element of business competitiveness as important as low costs.
The MAPI Foundation
Manufacturing executives, policymakers, the media, and the association community rely on the MAPI Foundation’s unbiased research, forecasting, and rich analyses to gain unbiased insight into the challenges and opportunities facing the manufacturing sector. Our highly respected economists and business analysts use proprietary models to generate regular forecasts for global manufacturing activity. They also produce data-driven policy analyses that provide insights into major topics influencing manufacturing competitiveness, including energy, tax, the labor market, global trade, innovation, and regulations. Our team regularly delivers keynote presentations at major industry events and board meetings, and for major media outlets we serve as a trusted expert on the manufacturing economy.
The foundation is the research affiliate of the Manufacturers Alliance for Productivity and Innovation. Founded in 1933, MAPI contributes to the competitiveness of U.S. manufacturing through professional development and executive education. Rather than lobbying, we leverage our position as a thought leader to raise awareness of what U.S. manufacturing needs to remain innovative, productive, and best in class.