Behind the Curve Can Manufacturing Still Provide Inclusive Growth? by Robert Law

Behind the Curve Can Manufacturing Still Provide Inclusive Growth? by Robert Lawrence

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Description This book demonstrates how structural forces have produced the decline in manufacturing jobs, and these forces are not likely to be reversed. Analyzing the effects of trade, technological change, production efficiencies, and consumer spending patterns on manufacturing employment, shows that efforts will not return manufacturing to past levels.

Publisher Description

Manufacturing jobs, once the backbone of the modern US economy, have declined over recent decades, darkening opportunities for middle-class advancement. The same trend has occurred in many countries, from Europe to Japan, China, and South Korea. To return manufacturing employment to its former glory, many countries have adopted import barriers and "industrial policies." For the most part, those approaches have been misguided. In this book, Robert Z. Lawrence demonstrates that deeply rooted structural forces have produced the decline in manufacturing jobs, and these forces are not likely to be reversed. He analyzes the effects of trade, technological change, production efficiencies, and consumer spending patterns on manufacturing employment, showing that efforts by the United States and other countries will not return manufacturing jobs to past levels. Lawrence traces the historic role played by manufacturing in US growth and income distribution, but he argues that current trends-increased self-sufficiency, "green" growth, and advanced digital technologies-may make future growth less inclusive. New policies are needed to encourage more equitable sharing of the fruits of technological advancement among people, places, and countries.

Author Biography

Robert Z. Lawrence, nonresident senior fellow at the Peterson Institute for International Economics since 2001, is the Albert L. Williams Professor of Trade and Investment at the John F. Kennedy School of Government at Harvard University, a Research Associate at the National Bureau of Economic Research and a Global Fellow at the MasterCard Center for Inclusive Growth. He was appointed by President Clinton to serve as a member of his Council of Economic Advisers in 1999. He held the New Century Chair as a nonresident senior fellow at the Brookings Institution and founded and edited the Brookings Trade Forum. Lawrence has been a senior fellow in the Economic Studies Program at Brookings (1983–91) and a professorial lecturer at the Johns Hopkins School of Advanced International Studies and Yale University.

Details ISBN 0881327476 ISBN-13 9780881327472 Title Behind the Curve Can Manufacturing Still Provide Inclusive Growth? Author Robert Lawrence Format Paperback Year 2024 Pages 314 Publisher The Peterson Institute for International Economics GE_Item_ID:161639103; About Us

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