There has been considerable discussion about bringing back manufacturing to the U.S.
This was a major focus of Donald Trump’s campaign for President. Not surprisingly, there is similar discussion in other advanced countries. Teresa May, Prime Minister of Great Britain, has called for an industrial strategy to restore Britain’s manufacturing prowess. In France, Marie le Pen’s platform includes a “Made in France” policy, which sounds similar to President Trump’s “America First” plan.
It will be extremely difficult to bring back manufacturing to those places where it was previously. There are several reasons.First, manufacturing has changed. New factories now rely more on […]
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