Toward a Rust Belt Powerhouse

Jim O’Neill: “Instead of accusing China of undermining US companies’ competitiveness, Trump should be focused on a genuine pro-growth strategy. Such a strategy could follow the British ‘northern powerhouse’ model – which I helped to create as a member of the government – focused on revitalizing the economies of the former heartland of British manufacturing.”

“…by linking together major cities – including Manchester, Sheffield, Leeds, and Liverpool – the north could become far more unified, with seven million people acting as a single regional economy, thereby providing many of the agglomeration benefits of major global cities.”

“The northern powerhouse strategy provides valuable lessons for other countries. Already, China is pursuing a similar regional development strategy, aimed at revitalizing its old northern industrial belt, thereby taking some of the pressure off its ultra-dynamic coastal cities. The US should follow suit, with a plan to revitalize the so-called Rust Belt that was integral to Trump’s victory.”

FavoriteLoadingSave to Favorites
Read previous post:
Americans Still Favor Ties with Cuba After Castro’s Death

Pew Research Center: "In the aftermath of Fidel Castro’s death and the election of Donald Trump, Americans continue to express...

Close