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globalization

No Gain Without Pain: We Need Better Economic Shock Absorbers To Prevent Bumpy Recoveries

Mark Muro Brookings
May 01, 2016
GE had just six months to redesign the engine, and the team worked nonstop, guided by Whittle’s blueprints and a handful of British engineers. There were 15 people on Sorota’s shift. His job was to design the paths that channeled air inside the engine. Occasionally he would take trips to other secret sites and study jets salvaged from the German V-2 rocket bombs that were falling on England.
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Innovation

How "Open Topic Innovation" Can Spur Advances In Manufacturing

Mark Muro Brookings
March 30, 2016

By embracing “bottom-up” innovation, the U.S. government can help advanced manufacturing respond to the speed and complexity of technological change.

 

Gaining a national edge in the advanced manufacturing space typically isn’t a “top down” process, especially given the speed of technological change. Given that, one of the great strengths of the Obama administration’s National Network for Manufacturing Institutes (NNMI) initiative has been its vision of competitive, “bottom up” project selection and governance.
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Advanced manufacturing

Mark Muro, Kelly Kline and Bruce Katz: Software Eats Manufacturing (and Manufacturing Gains)

Bruce Katz Brookings Institution
Mark Muro Brookings
Kelly Kline Economic Development Director And Chief Innovation Officer City Of Fremont
February 13, 2016

The digitization of manufacturing is transforming entire industries. Here are five takeaways from a workshop on how U.S. regional economies can support the development of an ecosystem that brings together hardware and software.

 
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Scott Andes and Mark Muro: Don’t Blame the Robots for Lost Manufacturing Jobs — Yet!

Mark Muro Brookings
Scott Andes Brookings Institution
May 18, 2015

In fact, they’re increasingly essential to the competitiveness of a country’s manufacturing sector.

 

There is good evidence that robots are a driver of economic growth, given new research by George Graetz and Guy Michaels showing the impact of automation technology in productivity statistics. But this raises a question: Has productivity growth from robots come at the cost of manufacturing jobs?
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Mark Muro, Scott Andes and Matthew Stepp: Department of Energy’s National Labs Can Also Be Regional Hubs

Scott Andes Brookings Institution
Matthew Stepp Information Technology And Innovation Foundation
Mark Muro Brookings
September 24, 2014
The Department of Energy’s 17 national laboratories are a $12.5 billion network of potentially transformative basic and applied R&D hubs located in or near many of the nation’s metropolitan areas. However, the labs are today underutilized as true economic assets.
 

How can they be better leveraged?

There are lots of ideas out there, but as we argue in a new paper, one of the most effective ways for the labs to increase their economic impact is for them to “go local” and engage more in the advanced industry ecosystems within which they reside.
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Is Job-Hopping a Driver of Regional Growth?

Mark Muro Brookings
June 24, 2014
What if “job-hopping” isn’t just a hot topic for millennial happy hours but a necessary dynamic of regional economies?
What if the recent agreement by Apple, Google, Intel, and Adobe to pay $325 million to settle claims that they colluded to limit job-hopping only reflects how much is at stake here?
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China—A Manufacturing Chimera?

Scott Andes Brookings Institution
Mark Muro Brookings
May 28, 2014
Most mainstream commentators share a short lineup of suspects when they discuss the decline of American manufacturing. Popular culprits range from automation to skills shortages to offshoring. Yet China has increasingly become public enemy No. 1.
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Banking on Bottom-up in Climate Finance

Devashree Saha Brookings Institution
Mark Muro Brookings
May 16, 2014
Last week we noted that with climate change accelerating and national governments adrift, climate-oriented finance is coming to the fore.
“Climate finance” entails applying the power of private-sector finance to scaling up low-carbon solutions. Its stock is rising now because the world needs to unleash massive flows of private capital in order to mitigate its carbon problem.
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Bonding for Clean Energy Progress

Mark Muro Brookings
Lewis Milford Brookings Institution
April 22, 2014
With Washington adrift and the United Nations climate change panel again calling for action, the search for new clean energy finance solutions continues.
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