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Decline in number of US manufacturing factories is not due to offshoring

from IndustryWeek

The perception that firms leave and set up shop on foreign soil simply for cost purposes is misplaced, according to a new Manufacturers Alliance for Productivity and Innovation report. MAPI Chief Economist Daniel J. Meckstroth, Ph.D., argues that U.S. companies commonly open operations abroad to serve the local markets — it's not about finding the cheapest way to make their products. more

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