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by Willie Schatz, Contributing Editor Posted on Wednesday, February 01, 2006 5:49:00 PM Sign Up to receive Daily News Alerts in your E-mail Inbox    | Abstract: | Study by affiliates of the National Association of Manufacturers reveals "five clear warning signs" that domestic manufacturing must redress. |
WASHINGTON -- A leading industrial economist warned in a report released today that long-term U.S. economic growth and global competitiveness are at risk if recent trends in domestic manufacturing and the innovation processes that underlie it continue. Published by the Council of Manufacturing Associations and The Manufacturing Institute (affiliates of the National Association of Manufacturers), the report reveals that U.S. manufacturing is suffering from an innovation crisis, which has gotten worse over the last few years. The persistent lack of innovation is harming the quality of new goods and enhancements made to existing goods produced domestically, the report indicated. "The points in my previous report [a 2003 study identifying threats to the domestic manufacturing base] have become more urgent in the three years since I wrote it," said Joel Popkin, the co-author of the study and a former member of the President's Council of Economic Advisors, at a press conference here to publicize the new report's findings. "There are few indicators that would disabuse me of the positions I took then." [Click to continue] |
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