Can the Midwest Regain Its Economic Clout?

Achieving economic stability requires a strategy that does not neglect global markets or trends. In the US, the Midwest region has been devastated by companies shifting manufacturing operations first to southern states, paralyzing debt among farmers, followed by globalization with its shift of factories and jobs to low-wage countries. “Of course, an economic revolution as disruptive as globalization can generate opportunities as well as adversity,” writes Richard Longworth for the Chicago Tribune. In the article, he reviews economic history of the Midwest, analyzing the rise and fall of some industries. Comfortable towns with prosperous industries and jobs cannot afford complacency or isolation. Individual communities or states must refrain from attacking one another and instead observe trends, develop sensible regional strategies and pursue education that encourages innovation and flexibility. – YaleGlobal