Some of the world’s most original thinkers explain the competitiveness challenge America faces and point the way forward.
Manufacturing matters to a nation’s economic prosperity, not because it is an important source of jobs (it currently represents only about 10% of US employment) but because manufacturing competence is often an integral part of innovation. By Professors Gary P. Pisano and Willy C. Shih.
Innovation, the classic basis for U.S. success in world markets, rests on foundational institutions, such as research centers, incubators for entrepreneurs, and skills training vehicles, that provide fertile soil in which to seed, grow, and renew enterprises, writes Professor Rosabeth Moss Kanter.
Professors Robin Greenwood and David Scharfstein make recommendations in three important domains in which the U.S. financial system has underperformed: financial stability, housing finance, and investment costs.
The world is interdependent, and the U.S. economy is still too large for anyone to profit from a rapid decline in its well-being.
For decades, U.S. companies have been outsourcing manufacturing in the belief that it held no competitive advantage. That has been a disaster.