Question

A clear message of documentary film DEATH BY CHINA: HOW AMERICA LOST ITS MANUFACTURING BASE is that the U.S. needs trade reform with China. It also stressed the point that a nation's economy is made by policy choices. What must be done in the United States to change course and regain its position as a great manufacturing nation? Discuss in some detail.

Answer 1

To change course and regain its position as a great manufacturing nation, the United States can implement trade reforms, invest in education and workforce development, and support innovation and research.

Step-by-step explanation:

In order for the United States to change course and regain its position as a great manufacturing nation, several steps can be taken:

1. Trade Reform: The U.S. should focus on negotiating fair trade deals with China that address issues such as intellectual property theft, forced technology transfer, and unfair subsidies. This would help level the playing field for American manufacturers.
2. Invest in Education and Workforce Development: The U.S. should invest in education and training programs that equip workers with the skills needed for modern manufacturing. This would ensure a skilled labor force capable of competing globally.
3. Support Innovation and Research: The U.S. should prioritize funding for research and development, as well as incentivize innovation in manufacturing processes and technologies. This would help U.S. manufacturers stay at the forefront of technological advancements