Advanced Manufacturing: A New Policy Challenge
William B. Bonvillian
Annals of Science and Technology Policy, 2017, vol. 1, issue 1, 1-131
In 2016 the political system experienced significant disruption in part due to a working class voting block suffering from a long decline in American manufacturing, which became particularly acute in the decade of the 2000s. Manufacturing employment fell by one-third in this period, 64,000 factories closed, manufacturing capital investment and output suffered, and the productivity rate dropped. The U.S. had been systematically shifting production abroad, and experts began to realize as the next decade began that the decline in its production capability was starting to affect its innovation capacity — which had long been viewed as its core economic strength.
Keywords: D24 L26 L60 M11 O32 Simultaneously; the U.S. had been systematically shifting production abroad; and the decline in production capability was starting to affect innovation capacity — which had long been viewed as a core strength of the U.S. economy. It traces the way the foundational concepts were developed in a series of reports from in and out of government. It explores how; for the fi rst time; an innovation system response was considered and developed to strengthen the U.S. production system. It examines the key new policy mechanism created by the Administration and supported by Congress; the manufacturing innovation institutes; a complex public-private collaborative model to develop new production technologies and processes; with supporting workforce education.It reviews how the new institutes are working; lessons learned as they have started up and possible enhancements that could expand their policy reach. capital for implementing the IT and biotech innovation waves of the late 20th century now largely shifted to support software fi rms; abandoning manufacturing startups. This is now driving the next generation of manufacturers to production abroad; which will have signifi cant societal consequences longer term. This monograph reviews new models to tackle this problem; essentially substituting technology and knowhow rich spaces for capital.; Manufacturing; Innovation; Productivity; Start-ups (search for similar items in EconPapers)
JEL-codes: D24 L26 L60 M11 O32 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:now:jlastp:110.00000001
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