Why we need more products made in the USA

The American manufacturing sector has been in the domination of the global for the last five decades. On the rise in the industrial output, the country rose to the middle-class outpouring. The high-paying manufacturing opportunities helped spur the economy, and the growing depended little on the foreign nations for armaments and manufactured goods. The manufacturing sector has been falling ever since the end of the Second World War II. In 1965, 53% of the economy came from the manufacturing sector. By the turn of 1988, it dropped to 39% and 9% in 2004. Regarding the amazing, the achievement lists and the risks associated with the foreign markets, the US firms are exiting the home country to feed its client while operating abroad. 

The manufacturers are defending the outsourcing as the perfect way to competing with high-quality imports that are cheaply selling in the market. Relocating their industries to cheap-labor countries like Malaysia, China, Mexico, and Taiwan is allowed the US firms regain the world standing. According to policy makers and economists, they approve the move. The movement of the companies into the low-wage regions thus adjustment and it lead to the shift in the international comparative advantage. In order to survive in the 21st-century world of business, the companies are forced to evolve tactics to reduce the operations costs, produce high-quality products and at the same time make them available at when required. Though, the country is risking collapse in its home manufacturing sector, gutting, hollowing out and closing down of American manufacturing forever.

Work Cited

Mary A. Marchant and Sanjeev Kumar. An Overview of U.S. Foreign Direct Investment and Outsourcing. Review of Agricultural Economics 379–386. 2005

Morris, Speter. Globalization, Free Trade, and Outsourcing A College Student's Perspective; Northeast Business & Economics Association 35th Annual Conference. 2008