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The Future of National Manufacturing Policy

Published

Author(s)

Gregory C. Tassey

Abstract

Traditional economic growth mechanisms are critiqued to demonstrate long-term inadequacies for addressing the the technological and global competitive complexities challenging U.S. efforts to construct a set of policies that will revive domestic manufacturing. The bottom-line points are that (1) greater investment in productivity ehancing assets is required, (2) these assets are broad in scope, encompassing technology, capital formation, financing, and eduction, (3) an increasingly important characteristic of these assets is their public good content, which leads to the need for new public-private policy mechanisms, and (4) the critical R&D phase of the technology life cycle must now be managed by a focusing on three attributes: amount, composition, and efficiency of the R&D process
Citation
Innovations: Technology, Governance, Globalization
Volume
7
Issue
7

Keywords

manufacturing, technological change, innovation, competitiveness, globalization, economic growth policy

Citation

Tassey, G. (2012), The Future of National Manufacturing Policy, Innovations: Technology, Governance, Globalization, [online], https://tsapps.nist.gov/publication/get_pdf.cfm?pub_id=912096 (Accessed July 25, 2024)

Issues

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Created December 9, 2012, Updated January 27, 2020