Ideas for new products, not manufacturing, will spur local business growth

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According to Ram Mudambi of Temple's Fox School of Business, the long, slow demise of manufacturing in the Philadelphia region isn't necessarily a bad thing. He says Pennsylvanians should focus on being the brainpower behind future products and then let international trade decide where they should be manufactured. "To say we want to put a wall around Philadelphia and say this is going to be an island and everything here is going to be done locally, and nothing is going to be brought in, or go out of here, it's at least in my view highly unlikely we'll be able to sustain a highly wealthy, prosperous economy," he said.