As discussed in prior issues of Trends, the United States is regaining manufacturing jobs from overseas. In many cases, it’s merely a matter of making the most of our growing cost advantage in raw materials and logistics. However, in so-called advanced manufacturing industries, intellectual and creative advantages play a much more important role. That raises some important questions such as: What specific aspects of advanced manufacturing provide the United States with a competitive advantage? Is this competitive advantage sustainable? What policies should the private and public sectors put in place to maximize this advantage, long-term? We’ll provide the answers.
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