Stagnation of Manufacturing Productivity in the United States - Research Paper Example

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Stagnation of Manufacturing Productivity in the United States

Unites states is considered to be one among the top ranking nations when it comes to Manufacturing Productivity. (Dept of Commerce, 2004). The citizens involved in the manufacturing production activities are considered to be the backbone of the American Economy to achieve a huge growth rate. An overall economic development can be achieved by good manufacturing productivity. Manufacturing productions are the major aspect of inventing and deploying the various technological trends, providing jobs to the numerous citizens of all ranges, and the developers usually end up investing a huge amount of resources in the economy depending on the market trends in the manufacturing sector thus forming the essential part of economic development aspects.International trade can be always the major factor for the progress of the global economy, and to overcome the extreme competitiveness the armaments utilized are manufactured goods. But the new technology trends involved with globalization have manifolds expanded the scope of competitiveness by demanding a high rate of production to be the end result of minimized resources. The following have been quoted by (Kevin L. Kearns and Alan Tonelson, 2003) as the reasons for stagnation in the manufacturing economy.The manufactured goods had not brought the expected profits to the nation as there was a lack of opening in the market. This did not consume the required goods in the apt amounts of productions thus bringing in huge losses to the manufacturing economy. ...
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This paper "Stagnation of Manufacturing Productivity in the United States" explores the significance of manufacturing productivity for the USA. Admittedly, manufacturing productivity has become one of the important reasons for the nation’s economic development…
Author : lharvey

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