Wednesday, February 20, 2013

U.S. Manufacturing in International Perspective

From HERE:

• The United States remained the largest manufacturing country in 2010, although its share of global manufacturing activity has declined in recent years.
• Manufacturing output has grown more rapidly in the United States over the past decade than in most European countries and Japan, although it has lagged China, Korea, and other countries in Asia.
• Employment in manufacturing has fallen in most major manufacturing countries over the past two decades. The United States saw a disproportionately large drop between 2000 and 2010, but its decline in manufacturing employment since 1990
is in line with the changes in several European countries and Japan.
• U.S. manufacturers spend far more on research and development (R&D) than those in any other country, but manufacturers’ R&D spending is rising more rapidly in China, Korea, Mexico, and Taiwan.
• A large share of manufacturing R&D in the United States takes place in high technology sectors, particularly pharmaceutical and electronic instrument manufacturing, whereas in other countries a far greater proportion of
manufacturers’ R&D outlays occur in medium-technology sectors such as motor vehicle and machinery manufacturing

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