While manufacturing has been the engine for healthy economic growth and good jobs, intense global competition and the rising cost of doing business in the U.S. threaten manufacturing's capacity to maintain the nation's economic strength and standard of living, according to a study by economist Joel Popkin, president of Joel Popkin and Co. "Manufacturing spawns more additional economic activity and related jobs than does any other economic sector," Popkin said. The study, "Securing America's Future: The Case for a Strong Manufacturing Base," commissioned by the Council of Manufacturing Associations (CMA), contends that manufacturing is "the heart of an innovative process that powers the U.S. economy to global leadership" and that "America's unprecedented wealth and world economic leadership are made possible by a critical mass of manufacturing within the geographic confines of the American common market."
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