BOSTON—After decades of hollowing out, U.S. manufacturing is overtaking competitors and stands to grab up to $115 billion more in export business from rivals by 2020, a new report said Tuesday. By 2015, average manufacturing costs in the five major advanced export economies—Germany, Japan, France, Italy and Britain—will be 8 to 18 percent higher than those in the United States.
NEW DELHI, India—The Indian government is offering up to $4 billion in incentives to the world’s electronics manufacturers to set up new assembly plants in the country.
BEIJING—Demand for industrial robots in China is predicted to hit 32,000 units by 2014, making the manufacturing giant the world’s largest robotics consumer.
WASHINGTON—Some 84 percent of Americans “strongly agree” or “agree” that the United States needs a more strategic approach to developing its manufacturing base, but only about 35 percent believe that federal and state governments are helping create a competitive advantage for the United States versus other countries.
WASHINGTON—The United States remains the global leader in supporting science and technology research and development, but only by a slim margin that could soon be overtaken by rapidly increasing Asian investments in knowledge-intensive economies. So suggests a new report by the National Science Board.
