Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Can Robust Patent Strategy Be a Key For Preserving the Small and Mid-Size US Manufacturing Base?

0
Posted

Can Robust Patent Strategy Be a Key For Preserving the Small and Mid-Size US Manufacturing Base?

0

On a recent business road trip up the Interstate 85 corridor between Atlanta and Charlotte, I was surprised by the large number of empty small and mid-sized manufacturing facilities lining the expressway. On the drive north to Charlotte, I passed a dozen or more large, but abandoned, industrial buildings with empty parking lots and “Available” real estate signs visible from the road. In a significant manner, these empty facilities demonstrate the debilitating effects of globalization on the formerly vibrant small and mid-sized manufacturing base that previously dotted the landscape of the U.S. After establishing the markets and building the customers for, as some examples, specialty plastics, packaging materials or electronics, these companies lost the “race to the bottom” on price against low cost foreign manufacturers and, as a result, went out of business. When these companies closed their doors, well-paying jobs, the owners’ assets and the local tax base were each lost, maybe forev

Related Questions

Thanksgiving questions

*Sadly, we had to bring back ads too. Hopefully more targeted.