Euler Hermes


Economic Outlook n° 1187 | Special Report | The Reindustrialization of the United States


Reason #3


The commitment to a conducive business climate


As we have seen from the response to the financial crisis, policy responses including the stimulus package, have been a decisive factor in shaping the U.S. recovery. Going forward, the question is how can the policy environment help sustain the positive first signs of a reindustrialization of the U.S. What hampers the realization of its full potential? Is corporate cash hoarding a reality? How did the private sector organize to cope with new challenges and an uncertain economic environment? Confidence and forward visibility are key as uncertainties, a still cloud the decision-making of entrepreneurs. Are there other options?


25. GDP Growth VS. R&D Growth averaged annualized rates 1987-2009


2% 3% 4% 5% 6% 7% 8% 9% 0%


0% Source: OECD 28 China Korea


Spain Australia


U.K. France


Japan Italy Germany


5%


U.S. Canada


10%


15%


20%


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