Global Competitiveness in the Rail and Transit Industry
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Authors: Michael Renner and Gary Gardner
This report draws on lessons from Germany, Spain, Japan, and China, the four dominant international rail manufacturing countries, to conclude that greater investment in U.S. rail manufacturing could revive America’s former leadership in the world rail industry–-and potentially create hundreds of thousands of jobs.
- A sustained, long-term national investment in rail and transit far and above the one-time injection of $8.3 billion provided by the 2009 American Recovery and Reinvestment Act. China alone is investing as much as $149 billion every year for the next five years.
- A commitment to protecting and nurturing young rail industries until they have achieved the economies of scale necessary to compete globally.
- A national vision that ensures rail development will be linked with other forms of urban transit, use an integrated, uniform system of operations, provide extensive geographic coverage, and be well run.
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