Event description
Why has productivity growth in U.S. manufacturing collapsed over the past two decades? This CSLS webinar brings together insights from two new International Productivity Monitor articles that examine the causes and consequences of the slowdown.
Robert Gordon argues that rising import competition, declining investment, and weakening innovation ecosystems have undermined manufacturing dynamism, while Jeremy Pearce shows that the slowdown is broad-based across firms and industries, and linked to declining returns to research and development. Together, these articles provide a timely assessment of the structural forces reshaping manufacturing productivity and what they might imply for the future.