Discussions around revitalizing American manufacturing have become central to national economic strategy, with both recent administrations emphasizing the need to strengthen domestic industrial capacity. Former President Donald Trump and President Joe Biden have each championed policies aimed at reinvigorating the sector, reflecting a bipartisan recognition of its strategic importance.\n\nThis focus echoes earlier moments in U.S. history when industrial development was actively shaped by policy decisions. As far back as 1776, Adam Smith, widely regarded as the founder of modern economics, expressed skepticism toward government-led industrialization. Yet, the United States went on to build a robust manufacturing base through a combination of protective tariffs, infrastructure investment, and technological innovation—departing from strict free-market principles.\n\nToday’s debates over supply chains, trade, and technological competition mirror past efforts to balance economic openness with national self-reliance. The lessons from how the U.S. established its industrial strength may offer valuable guidance for current initiatives aiming to reshore production, enhance competitiveness, and ensure resilience in critical sectors.\n\nThese themes will be explored at the New Economy Forum, Bloomberg’s premier global economic conference, returning to Singapore this November. Over three days, leaders and experts will discuss the future of growth, including trade dynamics, technological change, and evolving geopolitical landscapes. More information is available at BloombergNewEconomy.com.\n— news from Bloomberg.com\n\n— News Original —\nHow the US Created a Manufacturing Base Holds Lessons for Today\nThe original article mentions the New Economy Forum hosted by Bloomberg in Singapore, focusing on global economic issues such as trade, technology, and geopolitics. It notes that both Trump and Biden support reindustrialization and references Adam Smith’s opposition to early industrialization in 1776.
