Competitive manufacturing

About this book

Will American industry successfully face the competitive challenge of the global economy? Can U.S. manufacturing raise productivity and innovate enough to remain healthy? Have the latest advances in process technology and management practice penetrated the rural industrial base? How can public policy help improve the competitiveness of the crucial manufacturing sector? This book challenges the conventional wisdom in economic development policy. Past state and local industrial policy focused on locational decisions, not on issues of competitiveness. Now, Rosenfeld argues, the challenge for states and localities is to help their industries become more competitive. Building the competitive advantage of industry is more important than promoting the competitive advantages of location. Incentives to modernize are more important than subsidies to locate. Competitive Manufacturing uses the rural South, the most industrialized rural region of the nation, to examine the strengths and weakness of manufacturing as the basis for economic growth.