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Reindustrialization Of America

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  • Amitai Etzioni

Abstract

If the United States is to sustain a fairly high level of economic growth, seven functional needs must be met: transportation, communication, power, innovation, human resources, financialbegal institutions, and capital goods. Attention to these elements amounted for the successful development of the infrastructure and the capital goods sector during America's first industrialization, roughly from the 1820s to the 1920s, providing the foundation for a strong economy able to mass‐produce consumer goods and services. In the decades following World War II, however, roughly from 1950 to the late 1970s, insufficient resources were dedicated to maintaining and adapting these seven elements, and in varying degrees all but one deteriorated. The result was economic underdevelopment. For the United States to regain i t s economic vitality, steps must now be taken to serve these basic needs of economic development more effectively.

Suggested Citation

  • Amitai Etzioni, 1983. "Reindustrialization Of America," Review of Policy Research, Policy Studies Organization, vol. 2(4), pages 677-694, May.
    • Handle: RePEc:bla:revpol:v:2:y:1983:i:4:p:677-694
    DOI: 10.1111/j.1541-1338.1983.tb00797.x
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    Cited by:

    1. Yakova Silin & Yevgeniy Animitsa & Natalya Novikova, 2016. "New Normal in Russian Economy: Regional Specificity," Economy of region, Centre for Economic Security, Institute of Economics of Ural Branch of Russian Academy of Sciences, vol. 1(3), pages 714-725.
    2. V. L. Baburin, 2021. "Influence of Path Dependence on the Evolution of Industrial Areas in Russia," Regional Research of Russia, Springer, vol. 11(1), pages 80-90, January.
    3. Bethlendi, András, 2024. "Ágazati politika portfólióelméleti megközelítésben [Industry policy in a portfolio-theory approach]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(2), pages 131-153.
    4. Romanova, O. A. & Strovsky, V. E., 2016. "Development of a Methodology for the Economic Assessment of Managerial Decisions as a Factor of Increased Economic Security," R-Economy, Ural Federal University, Graduate School of Economics and Management, vol. 2(3), pages 303-313.
    5. Lengyel, Imre & Lengyel, Balázs & Vas, Zsófia & Szakálné Kanó, Izabella, 2016. "Az újraiparosodás térbeli kérdőjelei Magyarországon [Territorial questions of reindustrialization in Hungary]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(6), pages 615-646.
    6. Olga Romanova & Vladimir Strovskiy, 2016. "Development of the Methodology for the Economic Evaluation of Managerial Decisions as a Factor of Economic Security Increase," Economy of region, Centre for Economic Security, Institute of Economics of Ural Branch of Russian Academy of Sciences, vol. 1(3), pages 937-950.

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