Monday, June 10, 2013

Revitalizing Manufacturing

I plan to get back to some local items and even some humor, but I wanted to dedicate this blog post to some national and global issues.

I subscribe to way too many magazines, newspapers and periodicals, especially quarterly journals. I have a stack of unread journals going back two years!

This post features an article from one of my favorite quarterly journals, the University of Texas's "Issues in Science and Technology."

"Issues" is published in collaboration with the National Academy of Sciences, the National Academy of Engineering, the Institute of Medicine and the University of Texas at Dallas.

The publication takes issues in science and technology that are prominent in  political and mainstream media discussions.

While avoiding technical jargon and esoterica, the journal is still academic in nature and explains issues in terms most college students should be able to understand.

In the Winter 2012 issue, Stephen Ezell discusses "Revitalizing U.S. Manufacturing"

He points out the fallacy to those who believe the U.S. is now a service economy and no longer requires, or can compete globally with a strong manufacturing base are simply incorrect.

While I am no fan of government programs, Ezell points to examples in western Europe and the Pacific Rim where public-private sector collaboration in research and improving domestic manufacturers acumen in entering the export market can succeed and create jobs and wealth.

Existing U.S. programs such at the Small Business Administration and the U.S. Export-Import Bank are focused in the wrong areas.

He also suggests changes in the tax code to promote Small Business Enterprise (SME) research and development efforts. Another idea I endorse is his proposal to overhaul the U.S. corporate tax code.

Give it s read-it is a proposal Republicans, Democrats, conservatives and liberals can agree upon.

What would be even more useful is if we could convince local and state politicians to read more articles such as these so that policies and political pressure could come from the grassroots to the top instead of the usual top-down command system that characterizes the culture in Washington, D.C.