Reports of the death of U.S. manufacturing are greatly exaggerated.
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Manufacturing News, Source : The Manufacturer US
Published : 14 Jun 2007 22:28
A feel-good bit of information from the National Association of Manufacturers (NAM) came to us today -
The United States is the world’s number one manufacturer, accounting for about a quarter of global manufacturing output in 2004. Its global share has barely dipped in the past two decades. Manufacturing in Germany, Japan and France has not fared nearly as well.
While industrialized countries’ share of manufacturing value added has fallen slightly in the past two decades, China and Korea’s share of manufacturing output has risen. Rising costs of energy, health care and other nonproduction factors will affect the ability of U.S. manufacturing to remain in this position. Lowering trade barriers and tariffs is important to the future of U.S. manufacturing because so much of global economic growth is taking place outside of North America.
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