Files and links (2)
Published, Version of Record (VoR)Open Access (License Unspecified), Open Access
Published, Version of Record (VoR)Open Access (License Unspecified), Open
Report
Everything, Everywhere All At Once: The Industrial Transition and the US City
25 Apr 2023
DOI:
https://doi.org/10.17918/00010548
Abstract
The United States' economic landscape has shifted significantly due to a confluence of global megaforces that have exposed national security and supply chain vulnerabilities, prompting leading to a renewed interest in reshoring, remilitarization, and decarbonization. In response, the US government is investing heavily in key sectors such as infrastructure, semiconductors, and national security. This investment is critical in enhancing the country's competitiveness in the global market. Notably, the government has allocated $1.2T for fostering physical infrastructure, $280B for bolstering the semiconductor industry, and $437B for clean energy infrastructure. The investments made have a common thread of a strong focus on manufacturing. As the manufacturing sector grows and expands, it will undoubtedly play a pivotal role in shaping the future of the American economy, driving prosperity and sustainable growth.
The shift towards advanced manufacturing capabilities in the United States is already showing promising signs, as demonstrated by a surge in private spending. These investments are not concentrated in a few select regions, but instead, are widely distributed across different areas in line with the current dispersed geography of production. This distribution of investments is a positive development as it ensures that a diverse range of regions benefits from the manufacturing boom. Moreover, the geographic dispersion of these investments optimizes supply chain logistics and increases the country's overall resilience and security.
Metrics
18 File views/ downloads
16 Record Views
Details
- Title
- Everything, Everywhere All At Once: The Industrial Transition and the US City
- Creators
- Bruce J Katz - Drexel University, Nowak Metro Finance Lab
- Publisher
- Nowak Metro Finance Lab, Drexel University; Philadelphia, PA
- Number of pages
- 47
- Resource Type
- Report
- Language
- English
- Academic Unit
- Nowak Metro Finance Lab; Lindy Institute for Urban Innovation
- Other Identifier
- 991021902115804721