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Advanced Manufacturing: A New Policy Challenge

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  • Bonvillian, William B.

Abstract

In 2016 the political system experienced significant disruption in part due to a working class voting block suffering from a long decline in American manufacturing, which became particularly acute in the decade of the 2000s. Manufacturing employment fell by one-third in this period, 64,000 factories closed, manufacturing capital investment and output suffered, and the productivity rate dropped. The U.S. had been systematically shifting production abroad, and experts began to realize as the next decade began that the decline in its production capability was starting to affect its innovation capacity — which had long been viewed as its core economic strength.

Suggested Citation

  • Bonvillian, William B., 2017. "Advanced Manufacturing: A New Policy Challenge," Annals of Science and Technology Policy, now publishers, vol. 1(1), pages 1-131, March.
    • Handle: RePEc:now:jlastp:110.00000001
    DOI: 10.1561/110.00000001
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    Cited by:

    1. Erik E. Lehmann & Julian Schenkenhofer & Katharine Wirsching, 2019. "Hidden champions and unicorns: a question of the context of human capital investment," Small Business Economics, Springer, vol. 52(2), pages 359-374, February.
    2. Fred Block & Matthew R. Keller & Marian Negoita, 2020. "Network Failure and the Evolution of the US Innovation System," Journal of Industry, Competition and Trade, Springer, vol. 20(2), pages 235-247, June.
    3. Meissner, Dirk & Zhou, Yuan & Fischer, Bruno & Vonortas, Nicholas, 2022. "A multilayered perspective on entrepreneurial universities: looking into the dynamics of joint university-industry labs," Technological Forecasting and Social Change, Elsevier, vol. 178(C).
    4. Nancy J. Hodges & Albert N. Link, 2019. "Innovation by design," Small Business Economics, Springer, vol. 52(2), pages 395-403, February.
    5. Kroll, Henning & Berghäuser, Hendrik & Blind, Knut & Neuhäusler, Peter & Scheifele, Fabian & Thielmann, Axel & Wydra, Sven, 2022. "Schlüsseltechnologien," Studien zum deutschen Innovationssystem 7-2022, Expertenkommission Forschung und Innovation (EFI) - Commission of Experts for Research and Innovation, Berlin.
    6. Vyacheslav Makedon & Nataliya Krasnikova & Oleksandr Krupskyi & Yuliia Stasiuk, 2022. "Arrangement of Digital Leadership Strategy by Corporate Structures: A Review," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 8, pages 19-40.

    More about this item

    Keywords

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    JEL classification:

    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General
    • M11 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Production Management
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

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