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Us Manufacturing Essay

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Going back to the end of World War I the United States was the most flourishing country in the world with the highest standard of living. Almost everything consumed in the United States was produced in the country and also manufactured more goods than Britain, France, and Germany combined. The U.S was the number one in pioneering and fabricating capital of the world for about 90 years but it all ended in 2010. According to the United Nations China became the number one nation with manufacturing value reaching about 3 trillion in comparison to the United States 2.2 trillion. Most of the research and development funds in this country goes to manufacturing (American Manufacturing (2012, March 30)).
According to American Manufacturing (2012, …show more content…

Although the U.S performance in manufacturing is remarkable there are some challenges that are an issue for the sector and it could lead to a downshift to of the economy. According to the Bureau of Economic Analysis (BEA) it reports that the U.S produces about $1.80 trillion in revenue, this would make the U. S industrial sector the world 10th largest economy in terms of (GDP). Productivity has also been in a stable rise until 2011 but in the new type of market the U.S is trying to compete outdated forms of manufacturing procedure are unsuitable forms when it comes to implementing new technologies (Kathawala, Y., & Hilsheimer, G. (1991)). Consumers want variety and innovation without the cost and quality penalty. This type of change requires manufacturing to be cost effective and flexible to meet market demands
In reference to Baily, M. N., & Bosworth, B. P. (2014) Modifications in business triggered U.S. executives to implement a method to managing that dedicated attention on the stock market and temporary performance. This caused Industries to Put less Money into resources like education to get skilled workers, supplier networks, and physical and technical infrastructure. These administrative arrangements in turn provided a rise to severe difficulties like job loss, lower income, rising disparity and finally the failure to fund Health insurance and retirement pension, or investments in the

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