Question

In: Economics

US Reshoring will be powerful economic force 2020-2025, Agree or Disagree

US Reshoring will be powerful economic force 2020-2025, Agree or Disagree

Solutions

Expert Solution

*agree

Reshoring is going to boost the manufacturing sector and will also increase jobs as a result of which,employment will increase to a great extent.over 1300 companies have announced their plans for reshoring which will positively impact manufacturing plants,supply chains and supporting services.there will be investment opportunities in automation and industrial sector.

Currently most of the millenials are not buying automobiles but after sometime,demand for automobiles will increase and automation industry will expand creating many employment opportunities.americas manufacturing sector could expand by$130 billion creating 5 million jobs in coming years.

Because of all these reasons,US reshoring will be powerful economic force-2020-2025.


Related Solutions

the japanese ver work in favor of US auto manufacturers. agree or disagree? and why?
the japanese ver work in favor of US auto manufacturers. agree or disagree? and why?
Economic interdependence is associated with stability of state relationships. Do you agree or disagree with the...
Economic interdependence is associated with stability of state relationships. Do you agree or disagree with the statement? Support your position by offering at least three historical examples.
Do you agree or disagree with the impact of economic policy on the disparity? Does health...
Do you agree or disagree with the impact of economic policy on the disparity? Does health disparities have a microeconomic or a macroeconomic impact on health care?
What were Maynard Keynes' economic perspectives? Do you agree/disagree?
What were Maynard Keynes' economic perspectives? Do you agree/disagree?
What were Alfred Marshall's economic perspectives? Do you agree/disagree?
What were Alfred Marshall's economic perspectives? Do you agree/disagree?
"Most world economic system are purely capitalistic" Do you agree or disagree? Explain.
"Most world economic system are purely capitalistic" Do you agree or disagree? Explain.
For the following statement, use economic analysis to explain why you tend to agree, disagree or...
For the following statement, use economic analysis to explain why you tend to agree, disagree or are uncertain. “Production in a perfectly competitive industry is both productively and socially (allocatively) efficient.”
What suggestions does David Cay Johnson to improve the US economy? Do you agree or disagree...
What suggestions does David Cay Johnson to improve the US economy? Do you agree or disagree with his suggestions? What do you suggest needs to be done?
Agree or Disagree: The best place to be in a market is at Equilibrium for the...
Agree or Disagree: The best place to be in a market is at Equilibrium for the buyer and seller.
Price discrimination is harmful to the economy." Agree or disagree with this statement.
Price discrimination is harmful to the economy." Agree or disagree with this statement.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT