If the U.S. economy were a professional sports league, the chemicals industry would be a franchise player. A healthy economy needs a core of financially strong, internationally competitive industries making products that can be sold in any geographic market. These industries provide highly compensated employment opportunities, which in turn creates flourishing communities and intellectual capital potential. Improved production processes and higher-quality products do not develop in a vacuum, but rather in the context of solving day-to-day production problems. Without domestic manufacturing, these opportunities are lost. Franchise industries are also export machines. This last quality is vital to a healthy economy — chronic trade deficits are a harbinger of decline.
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