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Unformatted text preview: d currency policies and inadequate industrial and energy policies harm the nation’s ability to meet future challenges that will require a solid manufacturing base. The sector is poised to play a key role in reducing green house gas emissions and reliance on imported energy, but it must become a focus of policy makers to take full advantage of the new opportunities. The manufacturing sector is also of vital importance in maintaining our innovative capacity. Reinvestment in U.S. research, development, energy, and manufacturing policies can also stimulate the growth of a wide swath of states in the U.S. heartlands that have been hardest hit by the manufacturing crisis. Manufacturing sector key to the economy Scott, 2008 (Robert E., The importance of manufacturing, February 13, 2008,, July 2, 2012, pg 1; FAS) (While U.S. manufacturing has been hard hit by a decade of rapid import growth and job loss, the manufacturing sector still remains a vital part of the U.S. economy. The manufacturing sector supported 14 million jobs in 2007, or about 10.1% of total employment. Manufacturing employs a h...
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This note was uploaded on 11/30/2013 for the course PHILOSOPHY 303m taught by Professor Tye during the Fall '12 term at University of Texas at Austin.

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