Macroeconomics Essay Example | Topics and Well Written Essays - 500 words - 9

Macroeconomics - Essay Exampleatus as a quality manufacturer, but also need to bear way for the financing of individual initiatives taken by piffling time entrepreneurs (Cohen & Beranek 4).Manufacturing has always constituted the real backbone of the American economy. Manufacturing particularly had a percolating tinge on the American economy, which means that creation of one manufacturing job led to the creation of multiple associated jobs in the economy. There is no dearth of skilled and semi-skilled workers in the nation who are competent enough and willing to support a thriving indigenous manufacturing sector. However, the shift in the dynamics of American economy in the past few decades, turning America from a manufacturing centric to consumption centric economy, thereby allowing the firms to shift their manufacturing trading operations to low lease hubs like china and India, has really negatively impacted the health of the American economy (Moore 113). American manufacturi ng is not mainly about big manufacturing hubs, but rather a electronic network of large manufacturing units, supported by a web of footlinger ancillary units. Hence, no wonder a shifting of the thrust of manufacturing operations to low wage Asian and Latin American countries, has weakened the overall framework of the American economy. As a beginning, President Obama should withdraw the tax and policy benefits to the corporations locating their manufacturing operations to low wage nations.When it comes to manufacturing, the restoration efforts not only need to be focused on the large manufacturing units, but rather also include the small manufacturers and businesses, which create jobs and sustain communities, while bolstering the overall fabric of the economy. The other thing is that since many large corporations have shifted their manufacturing operations overseas, this has created the opportunity and scope for many small time manufacturers that compensate for the dearth for resou rces by imbuing their products with the attention to detail and