Having looked at manufacturing statistics and competitiveness in our last two columns, our series continues with a global look at manufacturing and how it is changing.
For the last century or more, the U.S. has been the world’s manufacturer of choice. Many manufacturing technologies and techniques were pioneered in this country. These led to a century of manufacturing power unrivaled around the globe. Yes, there were depressions and recessions along the way, but these were often the products of unregulated financial excesses and the cyclical nature of economic development. However, as tragic as wars are, they sometimes helped manufacturing emerge from the economic doldrums that plagued it.