Read PDF The competitiveness of the U.S. economy and the need for a long-term economic strategy

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When you hit submit, you'll have a choice of "opening" or "saving" the file. Hit save and the PDF downloads directly to where ever your download folder resides. The PDF file is not e-mailed. During the ensuing years, as the U. Since , exports have helped pull the U. Exports have contributed more to the growth of gross domestic product GDP in this recovery than in the previous recovery; have helped support millions of high-paying jobs in the U.

US economy back on top of world competitiveness ranking

Moving forward, exports will continue to make important contributions to the U. Each section of this report forecasts research and development levels for , closely examining the expected funding for a region or industry. There are many important projections and key findings for each country and industry under discussion.

A number of factors have come together to heighten the importance of rail transit to the U. These same factors present new opportunities for domestic manufacturers of rail cars and equipment to benefit, however, historical and structural barriers to seizing these opportunities exist. This paper explores each of these areas in detail and makes recommendations to policy makers on how they might best support a strong and growing domestic supply chain for the rail transit industry.

The Clarion Call, A Look Back and a Path Forward provides a federal policy "report card" of actions and lack of actions since the Council issued a clear and concise agenda to policymakers last year, which included a road map to grow the American economy and included core principles and recommendations critical for the United States' long term economic growth and job creation. The United States has been the world's largest recipient of foreign direct investment FDI since Every day, foreign companies establish new operations in the United States or provide additional capital to established businesses.

With the world's largest consumer market, skilled and productive workers, a highly innovative environment, appropriate legal protections, a predictable regulatory environment, and a growing energy sector, the United States offers an attractive investment climate for firms across the globe.

Respondents are engineers and purchasing agents, business owners and managers, and sales and marketing executives from manufacturers, distributors and service companies. These companies are growing, expecting future growth, hiring, and increasing their production capacity to meet additional demand. This report discusses barriers, opportunities, and solutions to designing energy efficiency programs that result in significant savings from smaller manufacturers.

This report focuses on both the economic and policy analysis associated with advanced manufacturing. The following key conclusions emerge regarding state policy and advanced manufacturing: States play a central role in promoting economic development and industrialization; This is a new era of industrial development for the SGA states; State policy in support of the advanced manufacturing sector must be carefully coordinated with other public and private entities that seek to promote economic development in order to maximize returns for state residents and the business community; A strategy for fostering the growth of advanced manufacturing should be based on carefully developed strategic plans that build on SWOT assessments of state assets and needs and include quantifiable goals and objectives.

To listen to many economists, pundits and policymakers discuss the economics of growth it would be easy to be confused by the commonly used terms: competitiveness, innovation and productivity. These terms are often used almost interchangeably and with little precise meaning. To remedy the situation, this policy memo defines these terms and explains how each is important in driving economic prosperity. Over the last decade, the United States lost about one-third of its manufacturing jobs, raising concerns about U. There may be insights to glean from government policies of similarly-situated countries, which are facing some of the same challenges of increased competition in manufacturing from developing countries.

At the request of the chairman of the Senate Commerce, Science and Transportation Committee, the Government Accountability Office GAO identified innovative foreign programs that support manufacturing that may help inform U. This report offers observations and recommendations on how to increase small and mid-size manufacturers SMMs SMMs' contribution to manufacturing exports; and answers questions related to: the importance of exporting to SMMs with the greatest export growth potential, types of assistance exporters need, the importance of innovation and supply chain for growing exports, and export assistance in a a limited funding environment.

The report is in support of a major joint research efforts undertaken by MEP and the U. Commercial Service. Overall, the report uses 26 indicators, divided into five key areas that best capture what is new about the New Economy: 1. Knowledge jobs; 2.

The last economic war

Globalization; 3. Economic dynamism; 4. The digital economy; 5. Innovation capacity. The Edition of the Facts of Manufacturing is a collection of the key facts and figures that define the state of the U. The report provides 65 figures that show the importance of the manufacturing sector and challenges that our industry faces. The first section of the report focuses on the importance of U. Section two focuses on current and future challenges in U.

Congress should establish an initiative to designate 20 institutions of higher education as "U.

Manufacturing Universities" as part of a needed push to strengthen the position of the United States in the increasingly innovation-driven global economy. Today, the challenge is even greater as America competes against a wide array of nations seeking to win the race for global innovation advantage, especially in advanced manufacturing.

A new cadre of federally-designated "Manufacturing Universities" that revamp their engineering programs with particular emphasis on work that is relevant to manufacturing firms while providing engineering students with real-world work experience should be part of the solution. Categories: Global Competitiveness, Education and Workforce. There is ongoing interest in the pace of U. Because technology can contribute to economic growth and productivity increases, congressional attention has focused on how to augment private-sector technological development.

The economy and growth: Tailwinds and turnarounds

Legislative activity over the past 30 or more years has created a policy for technology development, albeit an ad hoc one. Because of the lack of consensus on the scope and direction of a national policy, Congress has taken an incremental approach aimed at creating new mechanisms to facilitate technological advancement in particular areas and making changes and improvements as necessary. This paper focuses on technology and competitiveness, the federal role in technology development, legislative initiatives, and current technology development programs.

In response to the foreign challenge in the global marketplace, the United States Congress has explored ways to stimulate technological advancement in the private sector. Given the increased popularity of cooperative programs, the paper looks at questions that might be raised as to whether the programs are meeting expectations. Among the issues before Congress are whether joint ventures contribute to industrial competitiveness and what role, if any, the government has in facilitating such arrangements.

This paper focuses on technology transfer to the private sector, as well as to local and state governments, and the rationale for federal interest and involvement. Current federal efforts to promote technology transfer is also examined, as well as a look at the small business technology transfer program and patenting.

At issue is whether incentives for technology transfer remain necessary, if additional legislative initiatives are needed to encourage increased technology transfer, or if the responsibility to use the available resources now rests with the private sector. This study, gathering data from more than CEOs and senior manufacturing leaders in , is part of a multi-year initiative to better understand the trends creating a hyper-competitive global manufacturing environment.

The report examines the highly complex forces driving the future of manufacturing and many of the structural changes reshaping the global economy. Overall, the study indicates that leading nations are making the paradigm shift towards prioritizing the development of talented and skilled citizens, who are the source of their competitive advantage, and benefits from their manufacturing infrastructures and ecosystems.

This annual research program was created to provide a running view of the U. It addresses needs in three broad categories: enabling innovation; securing the talent pipeline; improving the business climate.

The Strategy of Geoeconomics

The recommendations include a call to establish a national network of manufacturing innovation institutes; an emphasis on investment in community college training of the advanced manufacturing workforce; an approach to evaluate platform manufacturing technologies for collaborative investment; a plan to reinvigorate the image of manufacturing in America; and proposals for trade, tax, regulatory, and energy policies that would level the global playing field for domestic manufacturers.

While macroeconomic uncertainties still abound, global manufacturers are using the low-growth environment to ramp up their innovation activity, increase efficiency, and add value to their offerings simultaneously. KPMG's new report, Global Manufacturing Outlook: Fostering Growth through Innovation, examines an industry experiencing transformational shifts and the strategies manufacturing leaders are using to adapt to ongoing volatility, drive innovation, and position themselves for both top and bottom-line growth. State by state grades on areas such as productivity and innovation, human capital, global costs, diversification, venture capital, manufacturing, and logistics.

Provides numerous examples of best practice in one or more of ten competitor nations in the areas of: technology acceleration programs and practice; technology acceleration funding mechanisms; next generation manufacturing technical assistance; and connectors. The comparison matrix on p.

The Competition that Really Matters - Center for American Progress

This report offers a comprehensive analysis of the metropolitan geography of U. Some of the main findings: 1 Metropolitan areas, especially large metropolitan areas and central metropolitan counties, contain the great majority of manufacturing jobs and nearly all very high technology manufacturing jobs, reflecting the advantages they provide to manufacturing in general and very high-technology manufacturing in particular. This report explains how challenges in talent, innovation, infrastructure, and energy consumption are what countries and companies in the manufacturing industry must prepare to face in the coming years.

In order to stay competitive in the global market, companies need to find the highest skilled workers, breathe innovation and become more efficient in energy, production and logistics. The key to success in these areas will be collaboration between governments and private sectors. With competition increasing for so many resources and capabilities—and with the prosperity of nations hanging in the balance—policymakers will be actively looking for the right combination of trade, tax, labor, energy, education, science, technology, and industrial policy levers to generate the best possible future for their citizens.

Categories: Innovation , Productivity. Greater Portland has a global reputation when it comes to advanced urban planning, leading edge sustainability, and a high quality of life for its citizens. Ninety percent of exports and export growth come from the top 10 exporting industries in the region including: manufacturing computer and electronics, primary metals, machinery, and transportation , royalties, professional services, and travel and tourism. Categories: Regulatory and Policy Recommendations.

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IDs emerging global trends in advanced manufacturing. The National Intelligence Manager for Science and Technology in the Office of the Director of National Intelligence requested they study the evolution of traditional manufacturing to advanced manufacturing. This report explored the answers to the following questions:o What are converging trends in advanced manufacturing across technology areas? The key challenges and solutions outlined in Make: An American Manufacturing Movement appear below: 1. Challenge: Fueling Investments in the Innovation and Production Economy from Start-up to Scale-up Solution: Enact fiscal reform, transform tax laws, regulations and other structural costs to spur investment, ramp up production, capitalize growth companies, and create skilled jobs 2.