In fact, by 2010, the death knell seemed to be ringing for America’s global manufacturing dominance. That was the year that China surpassed the US as the world’s largest manufacturing nation in terms of output, producing goods worth $1.92 trillion compared to our $1.86 trillion.
But a funny thing happened on the way to the morgue.
The patient stirred to life again. Although it helped that the nation was emerging from its overall economic depths, many experts maintain that American manufacturing was resuscitated by the abundance of cheap natural gas and growing oil production flowing from US shale.
