U.S. Manufacturing Renaissance
Instructions
details in the attached file.note: single space 4 pages. Supply chain management.
Answer
Manufacturing Renaissance IntroductionThe concept of manufacturing renaissance remains a contentious issue among economists and enthusiasts as well. Since 2010, the U.S has witnessed and increase in the level of manufacturing production and this has also resulted in increase in the level of employment. There is no doubt that manufacturing industries play an important role in the economy as far as creation of direct and indirect employment is concerned. According to Baily and Bosworth, prior to the year 2010, the decline in employment opportunities in the U.S sector could be attributed to transfer of manufacturing industries abroad (24). While this argument might be compelling, it is important to understand the reasons why the concept of manufacturing renaissance is contentious. One...
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