Summary of America’s Advanced Industries

Looking for the report?
We have the summary! Get the key insights in just 5 minutes.

America’s Advanced Industries summary
Start getting smarter:
or see our plans

Rating

8 Overall

8 Importance

8 Innovation

8 Style


Recommendation

In developed countries, maintaining well-paying jobs depends on delivering high productivity to offset low wage costs in developing countries. “Advanced industries,” which have a level of innovation and technology that demands highly productive workers, are the keystone of economic health in high-cost countries. The United States has ceded its leadership in advanced industries to other developed nations since the 1990s, when it began moving lower-value activities offshore, eroding the industrial clusters that support America’s supply of highly skilled workers. Brookings Institution researchers Mark Muro, Jonathan Rothwell, Scott Andes, Kenan Fikri and Siddharth Kulkarni offer a thoughtful analysis of advanced industries and suggest ways that the United States can regain its competitiveness and support good jobs. Their text offers basic principles and shows strong, practical examples of worthwhile local initiatives that develop and enhance high-tech clusters and improve the supply of appropriately skilled workers. getAbstract recommends this focused, accessible overview of America’s most valuable industries to business executives, investors, policy makers and entrepreneurs.

In this summary, you will learn

  • Which fields constitute the United States’ “advanced industries,”
  • How they factor in to building national prosperity and
  • How America can strengthen these industries’ capacity to revitalize its economy.
 

About the Authors

Mark Muro is a senior fellow and policy director for the Brookings Institution’s Metropolitan Policy Program, where Jonathan Rothwell is a fellow, Scott Andes and Kenan Fikri are senior policy analysts, and Siddharth Kulkarni is a senior research assistant.

 

Summary

“Advanced Industries”
Job and wage growth in the United States remains lackluster, though it has new technologies that boost jobs and spawn a wealth of novel products and services. The advanced industries sector offers income opportunities and has created two-thirds of US new jobs since...

More on this topic

By the same authors

The Hidden STEM Economy
The Hidden STEM Economy
8
Clean Energy Finance Through the Bond Market
Clean Energy Finance Through the Bond Market
7

Customers who read this summary also read

The Future of Jobs
The Future of Jobs
8
World Trade in Services
World Trade in Services
8
Driving the Sustainability of Production Systems with Fourth Industrial Revolution Innovation
Driving the Sustainability of Production Systems with Fourth Industrial Revolution Innovation
10
World Economic Outlook April 2017
World Economic Outlook April 2017
7
Assessing the Macroeconomic Impact of Structural Reforms: The Case of Italy
Assessing the Macroeconomic Impact of Structural Reforms: The Case of Italy
7
How Imports Helped the American Steel Industry
How Imports Helped the American Steel Industry
8

Related Channels

Comment on this summary