The Manufacturing Resurgence: What It Could Mean for the U.S. Economy
The Aspen Institute's Manufacturing & Society program in partnership with MAPI commissioned the University of Maryland's Interindustry Forecasting Project (Inforum) to determine how the U.S. economy would change if it were to achieve the manufacturing resurgence which has been widely touted in recent years. The results are summarized in a paper by manufacturing program director Tom Duesterberg. The importance of such a resurgence is that it very well could lead to higher growth over time, higher standards of living, and a reduction or reversal of the chronic balance of payments deficit which is shifting resources outside the country. Results are projected to 2025.