Writing 2000 words

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We are talking primarily about the 1970s & 1980s

Refers to the loss of the manufacturing base of the U.S. economy

  • ON PAGE FOUR WHEN IT SAYS BUSINESSES IN CALIFORNIA WERE MOVING AWAY OR ABROAD BECAUSE THEY WERE NOT PROFITABLE “ENOUGH,” WHAT IS CONSIDERED A PROPER PROFIT? IF THERE WAS A PROPER PROFIT WOULD IT BE FOR THE WORKERS OR CORPORATE THAT ARE BENEFITING FROM THIS?

  • WHAT ARE THE CORPORATE GIANTS GAINING BY MOVING OPERATIONS OFFSHORE?

  • LESTER THUROW BELIEVES WE NEED TO DISINVEST MORE RAPIDLY. WHY WOULD THAT HELP AMERICA COMPETE MORE EFFECTIVELY ON THE INTERNATIONAL MARKETPLACE? O (MOVE FACTORY ELSEWHERE)

  • WHAT SEEMS TO BE THE MOST EFFECTIVE METHOD FOR SHIFTING CAPITAL?

Abandoned Auto Plant, Detroit

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GENERAL MOTORS PLANT, VAN NUYS

LOS ANGELES TIMES: “L.A. MAKES ITS LAST CAR : END OF ROAD FOR GM'S VAN NUYS PLANT: AFTER 45 YEARS AND 6.3 MILLION VEHICLES, THE FACILITY IS SHUT DOWN. IT MARKS THE END OF CAR MAKING IN SOUTHERN CALIFORNIA” (AUGUST, 1992)

RISE OF LOCAL ECONOMIC DEVELOPMENT PLANNING

Policy           1966   1976   1985
City or county revenue bond financing 28 43 50
State loans for building construction 11 15 30
State loan guarantees for building construction 11 14 20
City or county loan guarantees for 1 0 7
building construction
State aid for existing plant expansion 14 27 37
Local tax exemption or moratorium on 11 21 32
land or capital improvements
State tax exemption to encourage R&D 3 7 19
City or county provision of free industrial - 13 19
land sites

BETWEEN 2000 AND 2010 THE US LOST AROUND 42,000 FACTORIES

BETWEEN 2000 AND 2010 THE US LOST ABOUT 5.5 MILLION MANUFACTURING JOBS

IN 1959, MANUFACTURING REPRESENTED 28 PERCENT OF U.S. ECONOMIC OUTPUT. IN 2008, IT REPRESENTED 11.5 PERCENT.