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Category: Manufacturing

Revitalizing the Rust Belt

Large swaths of Pennsylvania, New York, and the Midwest have stagnated for decades, resulting in unrecovered job losses nearing 60 percent in some parts of the region since the 1950s. Meanwhile, the languishing U.S. Rust Belt serves as an instrument of blame in a divisive political climate. While solutions remain elusive, the region continues to…

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Edison’s Legacy: Industrial Laboratories and Innovation

Between 1999 and 2016, the U.S. share of global high technology exports dropped from 18 percent to 7 percent. From one of the world’s leading technology product exporters prior to 2000, the United States has become a net importer since then, and the deficit keeps growing. During this period…

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A Path Out of the Trade and Savings Trap

Except in Africa and South Asia, the world’s population is aging rapidly. Between 2010 and 2050 the proportion of Americans over 65 will nearly double assuming constant fertility and immigration. By 2034 the Social Security Trust Funds will be depleted. By that time there will be two Americans over 65 for every five Americans of…

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