Challenges and Perspectives in U.S. Manufacturing

This chapter explores the difficulties faced by small and medium-sized enterprises (SMEs) in the U.S. manufacturing sector, including underfunding and extended payment terms. It contrasts the American industrial policy with stronger support systems in countries like Germany and Japan, advocating for a reevaluation of manufacturing's economic role. Additionally, the chapter critiques traditional economic models and emphasizes the need for dynamic producers within an effective industrial policy framework.