Faculty News | Financial Times | 05
How to restore America’s industrial commons
by Gary Pisano & Willy Shih
Both Mitt Romney and Barack Obama have talked a lot about manufacturing – and with good reason. Real manufacturing output in America has stagnated since 2000. The trade deficit in manufactured goods has swollen and capital investment in manufacturing has been declining since 1989. For some, these trends are an acceptable consequence of the US becoming more sophisticated in its output.