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The Truth of the Matter
Made in America: Building Economic Resilience
Aug 1, 2024
Livia Shmavonian, Director of OMB’s Made in America Office, Heather Boushey, Chief Economist of the Investing in America Cabinet, and Navin Girishankar, President of CSIS’s Economic Security and Technology Department, delve into the vital Made in America Initiative. They discuss strategies for rebuilding the economy and boosting domestic production, emphasizing infrastructure, job growth, and federal investments. The trio highlights the synergy between workforce development and manufacturing, while stressing the importance of fair competition and global partnerships in fostering economic resilience.
39:02
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Quick takeaways
- The podcast discusses the urgency of strengthening domestic manufacturing and technological capabilities in response to crises that exposed global supply chain fragility.
- Significant public investments are driving economic recovery by fostering private sector growth and creating opportunities in low-income communities.
Deep dives
The Shift to Modern Supply-Side Economics
The podcast discusses the transition towards modern supply-side economics, emphasizing the importance of strategic investments in pivotal industries for U.S. economic competitiveness. This approach contrasts sharply with previous economic paradigms that favored minimal intervention and trickle-down benefits. Highlighting the fragility of global supply chains exposed by recent crises, the discussion underscores the urgency of reinforcing domestic manufacturing and technological capabilities, particularly in sectors like semiconductors and clean energy. The Biden administration’s focus is on empowering workers and ensuring equitable economic growth across diverse U.S. communities.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode