Year of Graduation
Reindustrialization of the US Economy: Opportunities and Limitations
Since the second half of the 20th century the US economy had been characterized by a swift process of deindustrialization. However after the world financial crisis some signs have appeared allowing to speak about the revitalization of US manufacturing. The media has often reported on cases of reshoring- the return of production on the territory of the US. The study reveals the drivers and obstacles to the development of US manufacturing and determines the instruments of government policy directed to sustain the industry. Using the statistical analysis the authors come to the conclusion that reshoring is not significant trend for macroeconomic indicators. The authors also examine possible scenarios of reindustrialization policy and implications of American experience for Russia.