US, China will dominate global economy: Morici

Jun 20, 2013 | 02:34 PM | Corinna Petry

Tags  Peter Morici, Steel Success Strategies XXVIII, economic outlook, University of Maryland, SSS, Corinna Petry

NEW YORK — Innovation and the ongoing technological revolution will continue to help developed industrial countries reinvent themselves and compete in the global marketplace, according to University of Maryland economist Peter Morici.

This is one reason that American manufacturers, including steelmakers, can maintain a degree of optimism in the face of a sluggish global economy, Morici said at the Steel Success Strategies XXVIII conference in New York sponsored by AMM and Englewood Cliffs, N.J.-based World Steel Dynamics Inc.

Commercial interests in the United States are always coming up with new products and methods of production, Morici said, noting that "innovation continues at a strong pace."....

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