Something to Consider on Primary Day

By May 6, 2008Economy, Trade

From the Greater Fort Wayne Business Weekly:

Indiana’s manufacturing and logistics industries are growing, according to a report released today by Ball State University.

The first “Indiana Manufacturing & Logistics Report Card” is an initiative focused on the state’s manufacturing and logistics economy. The report card shows Indiana leading its neighboring states in key measures like productivity, capital investment per worker and business costs.

The report card was created by Ball State University’s Bureau of Business Research, with a team of economists and researchers led by Michael Hicks.

Overall, the report indicated that manufacturing is growing in Indiana and nationally. Last year was a record year for U.S. manufacturing in terms of industrial output, according to the report. Hoosier manufacturers lead neighboring states in capital investment per worker and industrial research and development.

The report and more are available at the Miller College of Business website.

Last February Indiana Gov. Mitch Daniels discussed Indiana’s economic successes in a talk at the American Enterprise Institute, highlighting trade at one point, and noting — and not in an invidious way — the state’s differences with Michigan.

I’ve just come from this meeting they have once a year. I do get letters and e-mails and things from neighboring states that remark on this contrast, and so forth, so anyway. On the subject of trade, Susan Schwab was one of the presenters and gave a very good presentation, pointed out among other things that since NAFTA, manufacturing output in America has more than doubled. So among her messages was, whatever problems you may be experiencing don’t have anything to do with NAFTA.

But the governor of Michigan took exception to that, and in what I thought not very persuasive terms, attempted to lay the problems of her state on that. I didn’t say anything…there’s no point in that place, or any place, I guess, to have an argument about it. But there’s nothing about Michigan that doesn’t apply to Indiana, too. And yet we have made economic progress. It leads you to think that there are other things, other variables involved, like tax, and costs and regulatory policy and so forth.

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