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Manufacturing is still critical to the economy United States. Clyde Prestowitz, says it's time to start realizing the positive spillovers that manufacturing creates... Read more  

Events & Activities

Stephen Olson at Chinese Development Institute Conference

 

 Clyde Prestowitz giving presentation to CDI...

 

Steve Olson teaching trade negotiations at the Mekong Institute...

 

Stephen Olson to speak at upcoming workshop organized by the International Institute for Trade and Development on 

"Economics of GMS Agricultural trade in goods and services towards the world market"

Chiangmai, Thailand Sep 8-12.

(10/30/11) Prestowitz on U.S. Industrial Base and Foreign Capital

As foreign investment shores up U.S. jobs, companies like Pemko part of new wave helping Memphis

By Ted Evanoff

Sunday, October 30, 2011

 

Hard times faced Memphis door hardware maker Pemko when the building boom began fading in 2007, slicing away 2 million construction jobs nationwide.

Instead of slashing jobs, Pemko added designers and engineers.

What happened at the Southeast Memphis plant reflects a quiet trend in the United States.

Foreign investment has flowed in, and begun to help brace companies and communities.

While 10 percent of Pemko's workers were let go in the past three years, managers say the company, which employs about 165 people in the city, was probably saved from a bigger fall by its new owner.

Assa Abloy, a Swedish door hardware conglomerate, in 2007 bought Pemko and brought in more orders. Pemko soon turned out more parts on complex enclosures designed by Abloy for buildings throughout North America.

Click here to read the entire article at the Commercial Appeal.

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The Betrayal of American Prosperity.


The Trans-Paific Partnership and Japan.


Making the Mexian Miracle.


Industrial Policy and Rebalancing in the US and China.


The Evolving Role of China in International Institutions.

 

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