Made in America: Rethinking the Future of US Manufacturing (download request)

A growing number of US executives are repatriating their manufacturing capabilities—moving some production operations back from overseas. Washington policy makers strongly support these moves; inside the beltway there is unanimous agreement that the United States should push for growth in the manufacturing sector. But if corporate and political policy makers are increasingly focused on American manufacturing, why has this sector lost six million jobs since 1997? Are we truly entering a new era or are there rare exceptions to a largely irreversible trend? The objective of this paper is to help answer these questions by identifying the most influential drivers of manufacturing growth.

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