Share Terrence McMahonJune, 2015If 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. Author Bios: Terrence McMahon Would you like to access the complete CEP Article? No problem. You just have to complete the following steps. You have completed 0 of 2 steps. Log in You must be logged in to view this content. Log in now. AIChE Membership You must be an AIChE member to view this article. Join now. Copyright Permissions: Would you like to reuse content from CEP Magazine? It’s easy to request permission to reuse content. Simply click here to connect instantly to licensing services, where you can choose from a list of options regarding how you would like to reuse the desired content and complete the transaction.