If the innovation process goes offshore, America will lose much of its capacity to generate wealth, and a decline in long-term economic growth is assured. The rapid growth in overseas manufacturing is creating new global centers with the critical mass necessary to build their own innovation machines. |
The points in my previous report [a 2003 study identifying threats to the domestic manufacturing base] have become more urgent in the three years since I wrote it. There are few indicators that would disabuse me of the positions I took then. |