``The best metric to judge the accuracy of the notion that the US doesn't do mfg anymore is the US share of world mfg output or value added. According to the World Bank, it only fell from 24.6% in 1982 to 23.8% in 2004...'' Seth Ackerman
``Here are some WB stats on mfg share of GDP. The U.S. has fallen harder, starting from a lower level, than the other countries...'' Doug
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CB: How much of overseas manufacturing is owned by U.S. based transnationals ? Anyway, doesn't the loss of fixed capital and means of production from US territory suggest that there has been a process of exporting capital over these years , even as other countries export to the US at the same time ?