U.S.

Policymakers can use two basic strategies to attract manufacturing investments. These involve attractive incentives — the carrot — which include subsidies, grants, and tax credits, or negative incentives — the stick — which include tariffs and threats. Using credible data that tells a compelling story, I will explain why the carrot has been and will continue to be much more effective than the stick in attracting manufacturing investment.

The United States is an unrivaled economic powerhouse. It accounts for 4% of the world’s population yet captures a whopping 24% of the world’s gross domestic product—the total value of goods and services produced by a country in one year.

International trade has lifted millions of people out of poverty, boosted standards of living, and benefitted the United States more than...

When I crossed through Checkpoint Charlie from West Berlin to East Berlin in March 1990, I witnessed two worlds colliding. On one side stood a beautiful, economically flourishing metropolitan city; on the other, a gray landscape of economic failure. While witnessing the dismantling of the Berlin Wall was exhilarating, the stark contrast in living conditions between West and East Germany was sobering.

Today’s most critical challenges are impacting every American. These include the direction of globalization and Chinese relations...

The flow of illegal immigrants across the southern border has markedly risen over the last several years. In FY2021, Border Patrol had 1,662,167 encounters with illegal immigrants and other border crossers. So far in FY2022, which ends on September 30th, Border Patrol has had almost the same number of encounters. This year will set a new record. From a low number of encounters in April 2020 due in large part to the pandemic, encounters have increased steadily and began to ris

The labor shortage in the U.S. is an urgent national concern. As of July 2022, USCC counted 11 million job openings but only 6 million unemployed workers, and many companies are struggling to maintain their level of productivity. While moving forward is a challenge, fortunately navigating the labor shortage is possible if companies assess the

Give President Joe Biden credit for talking with Vladimir Putin over the latter’s demands for security guarantees. Yet the way forward...

Relations between the U.S. and China took a precipitous dive during the Trump administration and that trajectory unexpectedly continued after President Joe Biden took over. Biden and President Xi Jinping finally talked—virtually, which may become the new norm in the post‐COVID world. Hopefully their online meeting halted the relationship’s rapid descent, but what next?

There has never been a better time to show your employees that you appreciate them. In our previous article, 9 Critical Strategies to Attract and Retain New Workers, we mentioned that the U.S. economy has been improving, which has opened up a whole new set of problems such as labor shortages and skill deficits in...

A dearth of workers is slowing our recovery from the economic devastation wrought by COVID-19. Overly large unemployment insurance checks, an expanded welfare state and immigration restrictions have reduced the supply of willing workers. There are 9.2 million job openings nationwide and 9.3 million people unemployed. As a result, employers are hiking prices faster than...

I'm a nationally syndicated columnist, author of several books and a speaker on global business, labor, and economic trends. I'm also a beneficiary, not a victim, of dyslexia, a learning disability characterized by reading, writing and decoding difficulties. Why do I say beneficiary? Read on.

If you can’t find workers, you’re not alone. At each keynote speech I give, I ask the audience to raise their hands if it’s difficult to hire new employees. Just about everyone raises their hand. I then ask if they have trouble retaining them. Again, nearly everyone raises their hand.

The unveiling of the American Jobs Plan has sparked conversation about what the Biden administration can do for U.S. workers. This is a step in the right direction. However, because this legislation is more fundamentally about infrastructure and new jobs, the question of what the government can do for current low-income workers in particular is

Most Americans, former President Donald Trump, and now the Joe Biden administration, all view China as the greatest geopolitical threat to the United States. Avril D. Haines, Biden’s new director of national intelligence, recently said last month “When it comes to espionage, [the Chinese] are an adversary.” And the recent sentencing for conspiracy to steal...

With broad, bipartisan support from Congress, the Biden administration is expected to commence an all‐of-government effort to confront the profound and rapidly multiplying challenges presented by China’s rise. Exactly what the program will entail remains unclear, but neutralizing Beijing’s web of predatory technology policies should be a priority.

To protect America’s way of life and standard of living, the Biden administration must take two critical steps. First, it should implement legislation designed to improve American free-market capitalism and strengthen the middle class. If not done soon, a political shift to the left is more likely later. And secondly, the administration must choose international engagement over isolation. Surprising to many, these decisions are connected.

Among the things learned during the COVID-19 pandemic is that our supply chains are on the verge of breaking. National borders that had receded into the background of a globalizing world have been thrust to the fore in the scramble to obtain life-saving Personal Protection Equipment (PPE) for those on the front lines of the […]

In January, President Joe Biden will inherit a trade policy that has left the U.S. role as a leader of the world trading system in grave doubt. After World War II, the United States helped construct a carefully balanced trading system with modest liberalization and a limited but important role for international agreements and institutions.

President Trump’s trade policy has been defined by protectionism, cronyism, and mean‐spiritedness. President Biden’s will be more polite.On substance, geopolitics and domestic politics are sure to crowd out economic considerations in shaping U.S. trade policy. The best we can hope for is that Biden’s team will be resolute and more competent managing an increasingly adversarial...