Summary
"Reports of the death of U.S. manufacturing have been greatly exaggerated." This is the opening line in a revealing and timely economic analysis aptly titled "Thriving in a Global Economy - The Truth About U.S. Manufacturing and Trade."
At a time when much of the American electorate is sour on trade and wrongly believes America doesn't make much of anything anymore, this report by Daniel Ikenson, a top analyst at the Cato Institute's Center for Trade Policy Studies, comes as breath of fresh air on a subject poisoned by political demagogues, union leaders and uninformed partisans posing as broadcast journalists.See the full content of this document
Extract
U.S. Manufacturing Alive and Well
The latter group of course is led by CNN's Lou Dobbs, who each week spreads more disinformation about U.S. manufacturing than a convention of AFL-CIO members. Mr. Dobbs wants us to believe our factories are all moving overseas; U.S. manufacturin...
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