How the U.S. Can Rebuild Its Capacity to Innovate
OCTOBER 23, 2018
has lost what Harvard Business School’s Willy Shih calls the “ industrial commons ”: indispensable production skills and capabilities. The invention of modern transistors, the adoption of standardized shipping containers, and the advent of low-cost assembly lines in East Asia lowered costs and created larger markets for televisions and radios, setting the stage for an Asian manufacturing powerhouse. Jetta Productions/Getty Images. Many U.S.