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Entrepreneurial Nation: Why Manufacturing is Still Key to America's Future

9780071802000

Entrepreneurial Nation: Why Manufacturing is Still Key to America's Future

  • ISBN 13:

    9780071802000

  • ISBN 10:

    0071802002

  • Edition: 1st
  • Format: Hardcover
  • Copyright: 08/14/2012
  • Publisher: McGraw-Hill Education
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Summary

"A vivid portrait of the most dynamic force in the U.S. economy, its entrepreneurs. . . . [and] a compelling vision of our economic potential." Liaquat Ahamed, Pulitzer Prizewinning author of Lords of Finance "An important read for anyone interested in impacting our manufacturing future." Paul Otellini, President and CEO, Intel Corporation A former member of the Obama administration proves that the U.S. still is a global leader in manufacturingand offers a plan for increasing the nation's dominance for the foreseeable future Former Deputy Assistant Secretary of the U.S. Department of Commerce, Ro Khanna refutes the now-accepted view that America has lost its competitive edge in manufacturing to China, Germany, Japan, or Brazil.In Entrepreneurial Nation, he compellingly argues that the nation's unparalleled productivity and democratic culture has enabled it to more than double manufacturing output in the past 30 years. Khanna explains how a process of innovation involving the close collaboration of designers and manufacturers, coupled with specific federal policies supporting manufacturers, will buck the trend of off-shoring and increase American competitiveness to unprecedented levels. Ro Khannaspent two years as Deputy Assistant Secretary of the U.S. Department of Commerce where he worked with the country''s most influential business and labor leaders to rebuild the nation''s manufacturing sector and increase American exports. He also served on the White House Business Council. Khanna is now a Visiting Lecturer in the Department of Economics at Stanford University, and a technology attorney at Wilson Sonsini Goodrich & Rosati. Praise for Entrepreneurial Nation "Ro Khanna clearly loves his subject, and has written a wonderfully readable book about America's industrial and technological base. It is a detailed microeconomic look at the considerable strengths and challenges in the tradable part of the U.S. economy. Policy targeted to employment always involves a subtle balance between respecting powerful global market forces on the one hand, and identifying investment opportunities and removing self-inflicted handicaps on the other. On this dimension, the book is terrific; full of practical insights that could inform a collaboration between business and government to expand the economy's employment and growth engines, at a time when we need it." Michael Spence, Nobel Laureate in Economics (2001) "This is a captivating book that adds to the growing discourse on the relevance of American ingenuity and our manufacturing heritage. The real life experiences of U.S. manufacturing firms, many of which we do business with every day, shed a light on how we really get things done. America is about 'making stuff,' but we do it with great care for our customers and a focus on how we can do more to improve people's lives through collective innovation. It is a collection of captivating stories and real ideas on how to keep America competitive in the 21st Century." Ellen Kullman, Chair & CEO, DuPontone of America's original manufacturing companies " Entrepreneurial Nationis an excellent reminder of what makes American manufacturing great. Our culture of innovation has created our industrial base and is now threatened on many fronts. Ro examines the many facets of this problem and proposes specific remediessome controversial and others less sothat are intended to put us back on the track of an expanding industrial base. There is something for everyone in this book in that it brings to the surface many facts that are important, but have been masked. For example, why the WTO rules penalize US exporting firms operating under our corporate taxation system. An important read for anyone interested in impacting our manufacturing future." Paul Otellini, President and CEO, Intel Corporation "Ro Khanna takes on the sages who predict an inevitable demise of making things in America. He lays out a refreshing vision of innovation-based U.S. manufacturing leadership, not just competitiveness. Entrepreneurial Nationis based on the views and experiences of real manufacturers making real products in America. It prescribes a hefty dose of federal policy changes to empower private-sector innovation in manufacturing. This is a very important addition to a very important debate." Charles Vest, President Emeritus, Massachusetts Institute of Technology and President of the National Academy of Engineering "Ro Khanna led Commerce''s domestic offices that implemented President Obama''s National Export Initiative. He was a key player in the policy debate in Washington, and he was in the trenches listening to the perspective of manufacturers across our country. It shows. His book provides a powerful vision of what American companies need to do tothrive and grow in the world market." Austan Goolsbee, Chairman of the Council of Economic Advisors (2010-2011), President Barack Obama "I have always believed that America remains the greatest superpower of innovation. Khanna is a leading thinker on how to make U.S. manufacturing more competitive across this country, whether it comes to making high technology planes, cars, steel bars, fire suits, or even blenders. The unconventional ideas in this book chart the path America can take to lead the world for years to come." Elon Musk, CEO and Founder of Tesla and SpaceX "Khanna raises the most important question facing the United States today: Can American manufacturing survive? The heroes extolled in his tales are indeed inspiring, but even they will need the help of all the policy changes he recommends and more to stay alive and thrive." Clyde Prestowitz, Bestselling Author of Trading Places, Three Billion New Capitalists, and The Betrayal of American Prosperity. "Ro Khanna has firsthand experience with our nation's manufacturing economy, and he knows what it will take for us to succeed in the 21st century. Entrepreneurial Nationprovides a candid assessment of the challenges manufacturers face from currency manipulation and a rigged trading regime. Khanna draws on the voices of real workers, union leaders and manufacturers to provide a compelling vision of how to grow our industrial base and create jobs here at home for the middle class." Richard L. Trumka, President, AFL-CIO " Entrepeneurial Nationtakes you to the front lines of the fight to revive our economic fortunes and get manufacturing moving again. Over the last three years, Ro Khanna has travelled across the length and breadth of this country, from Pittsfield, New Hampshire to Witchita, Kanas, from San Jose, California, to Seminole, Oklahoma. He has met and talked to manufacturers of every stripe, makers of batteries and blenders, of fire suits and food processors, aerospace parts and drilling rigs. This is a book about their remarkable successes, the challenges they have surmounted and the issues they confront. It is a vivid portrait of the most dynamic force in the U.S. economy, its entrepreneurs. In the process Ro Khanna offers a compelling vision of our economic potential." Liaquat Ahamed, Pulitzer Prizewinning author of Lords of Finance "This is the book I would have written if I was not currently managing a streetcar manufacturing company. Excellent statistics and a fair and balanced approach to the emerging issues of today's manufacturing policies (or lack thereof). I agree with Entrepreneurial Nationthat we must defend our vital manufacturing base. Its message is timely, thorough, and engaging and a must read for thos

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