Seamstress in a chinese textile factory

Export-Led Growth is Waning in East Asia

Changes are underway which could substantially diminish the relevance of export-led development strategies for countries in East Asia.

Emoji Head Woman using smart phone

Americans Can Smile About Their Place in the Global Economy

The global production of goods can be charted by each stage at which activity occurs and value is added. The great news is that Americans excel at the activities on the production curve that require the most creativity and know-how, and that generate the most profit.

Transformers showing both forms

Substantial Transformation: What are You and Where Did You Come From?

Most products today are the result of creative, physical, and intellectual efforts by people in different roles across the globe—they are designed in one country, their materials are procured in another, their components may be made and assembled somewhere else. Their “Made in…” labels only tell us the country where that product last underwent some significant change or “substantial transformation”. That’s just a snapshot of one stop on their journey

Retro robot reading a book. Isolated. Contains clipping path

Less-Educated Men Hit Hard by Technological Shift in Job Market

American workers are increasingly anxious about robots and automation replacing them in their jobs. The underlying dynamic is that jobs are changing because of automation, not disappearing. That’s not a concern in and of itself. The concern is that not everyone is on good footing to adjust.

Men work on the old factory for the installation

A Shortage of Skilled Workers Threatens Manufacturing’s Rebound

U.S. manufacturers will create more than 3 million job openings over the next decade – but two million of these future jobs could go unfilled. “If we’re not able to ensure a skilled workforce and a steady supply of skilled workers for manufacturers in this country, then [companies will] either go out of business or be forced to look elsewhere.” – Gardner Carrick of the Manufacturing Institute

Travel Trailer Caravaning

Exporting the All-American Road Trip

Pull into a camp ground and you’ll find tremendous variety among recreational vehicles (RVs) parked there. Around eighty percent of them were made Elkhart County, Indiana. Today, less than 10 percent of U.S. RV production is exported, but the industry is finding opportunity in some surprising new markets including China, the United Arab Emirates, Korea and Thailand.

Running Shoe Test Fit

Adding Value to the Cambodian Economy Every 374.41 Seconds

Foreign direct investment (FDI) is usually measured in the millions, billions, and trillions. In this Cambodian shoe factory, the value to workers and their community can be measured every 374.41 seconds.

Industrial revolution

Industry 4.0: Trade Rules for the Internet of Things

The marriage of the physical and digital worlds has unlocked limitless economic opportunities, providing a boost to productivity and propelling us into the next industrial revolution. Policymakers will need to work to keep up by removing trade barriers that could limit the global reach of the Internet of Things.

Michele's Granola

This Tiny Program Helps Small Manufacturers Grow

The secret to the success of Michele’s Granola is more than a great product. Also instrumental was a little-known, decades-old government initiative – the Manufacturing Extension Partnership (MEP) program – aimed at helping small and medium-sized manufacturers grow.

Kabuki Actor

Japanese Investments are No Kabuki

With $373 billion invested in our economy, it’s no wonder that Japan has an interest in maintaining close economic relations and seeing the U.S. economy succeed. When Japan’s Prime Minister Shinzo Abe meets with President Trump this week, Abe is expected to present his “U.S.-Japan Growth and Employment Initiative,” a gesture that reflects that commitment.