Manufacturing job opportunities could improve, although they will likely never be the same. But it isn’t because emerging markets such as China are the threat that many believe them to be, said Robert Lawrence, professor of international trade and investment at Harvard Kennedy School.
Investors often focus on micro issues. They hone in on what directly affects a specific company. But, there are always larger issues to be considered. Lawrence has devoted his career to analyzing macro issues such as the U.S. economy.
Manufacturing jobs have faded and many question whether that segment of the economy can be revived. “Some jobs could come back if America could change its trade position,” Lawrence told Newsmax TV in an exclusive interview.
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via Harvard’s Lawrence: Manufacturing Has Changed, China Not A Major Competitor.
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