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Global Reach

Global Reach

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October 11th 2012:It’s Manufacturing Stupid: What Neither Presidential Candidate Gets About Building a Strong Sustainable U.S. Economy

US manufacturing is all the rage. The Presidential candidates talk a good game, says my guest, Alan Tonelson of the US Business and Industry Council, but they're short on effective policy. "The goal of a manufacturing revival is not only distant but receding," thanks to the "Summers effect" and faith in comparative advantage theory over geo-economic reality. For decades business and academic elites maintained a strong manufacturing sector was not need for a prosperous economy. The US was becoming a post-industrial economy driven by finance and InfoTech. Conventional wisdom—until December 2007,

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Alan Tonelson

ALAN TONELSON is a Research Fellow at the U.S. Business & Industrial Council Educational Foundation, a Washington research organization studying U.S. economic, technology, and national security policy. His new book, The Race to the Bottom: Why A Global Worker Surplus and Uncontrolled Free Trade are Sinking American Living Standards, was recently published by Westview Press. Tonelson's articles on American politics, foreign policy, globalization, and technology policy have appeared in numerous publications, including The Atlantic, Foreign Affairs, The New York Times, The Washington Post, The Wall Street Journal, The Washington Times, The New Republic, Foreign Policy, The Harvard Business R
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