Manufacturing & the Economy
Throughout the 1990s, manufacturing's contribution to economic growth was strong and robust, on par with the financial sector. Through the invention and application of technology, manufacturers raised productivity higher than ever before and were largely responsible for the low-inflation prosperity of that decade. Read More >>
In the past decade, U.S. business became more engaged with the world economy, increasing exports and imports, spurring investments at home and abroad and raising pay and living standards for employees working in international trade. Today, the United States is the world's largest exporter. Read More >>
Unlike other industries, manufacturing is unable to pass on rising costs to its customers. This limitation stems from the fact that manufacturing is the most globally engaged of all American industries, facing its most intense international competition ever.
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