Capitol Hill Briefing

Thriving or Threatened? Perspectives on the State of U.S. Manufacturing in a Global Economy

November 15, 2007 1:00 PM to 2:00 PM EST

B-338 Rayburn House Office Building

Featuring Dan Ikenson, Center for Trade Policy Studies, Cato Institute, and Frank Vargo, National Association of Manufacturers.

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Since the depth of the U.S. manufacturing recession in 2002, the sector as a whole has experienced sustained and robust growth. The year 2006 set a record for output, revenues, profits, profit rates, return on investment, exports, and imports. The United States remains the world’s most prolific manufacturing country, accounting for two and a half times more output than Chinese factories in 2006. Should these figures put to rest assertions that the U.S. manufacturing sector is eroding because of trade? Do they support a conclusion that the sector is thriving? U.S. manufacturing experts Ikenson and Vargo will offer perspectives on the real state of U.S. manufacturing in today’s global economy.