Patrick Gallagher, Director of NIST, Discusses How to Out Produce: Revitalizing Manufacturing
Manufacturing plays a special role in our economy. As Chapter 6 points out, the manufacturing sector is a significant part of our overall GDP, but it also is instrumental in creating high quality, high pay jobs in our economy and in supporting our national infrastructure and national defense.
But one point about manufacturing is often not well understood and that's that the manufacturing sector itself plays a critical role in our nation's capacity to innovate. Almost two-thirds of our research and development capacity in the business sector is based in manufacturing-based industries. Manufacturing also plays a critical role in trade. Most of our tradable economy is based in the manufacturing sector.
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