Although the United States has been the leading producer of manufactured goods for more than 100 years, manufacturing has for decades been declining as a share of GDP and employment. Over the past decade, it has become clear that this decline is not limited to low-technology products and is not due solely to low-wage competition. The trade balance in advanced technology manufactured products, many of them invented in the United States, turned negative in 2001 and has widened in the decade since.
Moreover, it is increasingly apparent that technological innovation is closely tied to manufacturing capability. We cannot remain the world's engine of innovation without a thriving advanced manufacturing sector. The Nation's long-term ability to innovate and compete in the global economy greatly benefits from co-location of manufacturing and manufacturing-related R&D activities in the United States. The loss of these activities will undermine our capacity to invent, innovate, and compete in global markets.
For more information on advanced manufacturing, please review The President's Council of Advisors on Science and Technology (PCAST) report, "Report to the President on Ensuring American Leadership in Advanced Manufacturing" and the following resources.
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