American manufacturing, although slowed by a decade of rapid import growth and job loss, remains a bulwark of the U.S. economy:
The Agenda for Shared Prosperity has identified manufacturing as an essential part of America's economic future and described a comprehensive strategy to ensure our global competitiveness. That strategy includes smarter trade agreements, a currency revaluation, more (but careful) support for research and development, and government help to make manufacturers who locate production in the United States more efficient, productive, and profitable.
Addressing the manufacturing sector in particular, Susan Helper and George Sterzinger present several options for increasing the demand for manufactured goods—especially by promoting renewable energy. They also highlight several ways to ensure that the manufacturing sector will continue to provide good jobs and high value to the U.S. economy. Helper recommends policies to encourage employers to take a "high-road" approach. She recommends expanding and improving the Manufacturing Extension Partnership program, while at the same time following complementary policies to create good jobs.
Building energizing prosperity: Renewable energy and re-industrialization
Renewing U.S. manufacturing: Promoting a high-road strategy