Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Behind the Curve: Can Manufacturing Still Provide Inclusive Growth?

Behind the Curve: Can Manufacturing Still Provide Inclusive Growth?

Lawrence, Robert

Paperback

Business GeneralEconomics

ISBN10: 0881327476
ISBN13: 9780881327472
Publisher: Peterson Institute for International Economic
Published: Aug 27 2024
Pages: 360
Weight: 1.35
Height: 1.10 Width: 6.00 Depth: 8.80
Language: English
Manufacturing jobs, once the backbone of the modern US economy, have declined as a share of GDP over recent decades, darkening opportunities for middle-class advancement. Similar trends have impacted export superpowers like China, Germany, Japan, Singapore, and South Korea. Driven by nostalgia for a bygone era, however, many countries have turned to reshoring and industrial policies to revive manufacturing employment. In this book, Robert Z. Lawrence argues that these efforts are unlikely to succeed. He demonstrates that deeply rooted forces common to all countries--technological change, shifting consumer spending patterns, and trade--account for lagging manufacturing employment and that these trends are unlikely to be reversed. The industrial sector's historic role as an engine of opportunity and inclusive growth is unsustainable. Government efforts to promote manufacturing to achieve goals such as industrial self-sufficiency, green transitions, and digital technologies, however well intentioned, may even make economic growth less inclusive. Instead, new policies are needed to help people, places, and countries cope with inevitable changes in the composition of employment.

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