Eyal Afair

Full Circle: Manufacturing Migrates Around the Globe

John Paul MacDonald, Damien Chan, Zachary Caravelle, Ron Kirk, John Manley, Eyal Afair

Panelists including Ron Kirk, Damien Chan, and John Manley dissect the paradox of modern manufacturing, noting that while U.S. output rises through automation, employment share has dropped to 8% and global trade statistics often misrepresent true value creation. The discussion highlights critical challenges such as a severe skills gap in developed nations, the rapid urbanization of China's middle class, and the efficiency threats posed by rising protectionist measures like "Buy America" clauses. Ultimately, the experts agree that future economic resilience depends on shifting national focus from volume-based production to investing in education, intellectual property protection, and high-value R&D ecosystems.