--- title: "Meaning & Key Takeaway of: The shift of industrial production abroad…" description: "\"The shift of industrial production abroad and the corresponding reallocation of American resources into the service sector arguably provided aggregate ..." image: "https://sms4smile.com/quotes/i/e01/scott-bessent-8205_calm_the-shift-of-industrial-production-abroa_2313698.jpg" --- # The shift of industrial production abroad and the… ![“The shift of industrial production abroad and the corresponding reallocation of American resources into the service sector arguably provided aggregate benefits in periods of geopolitical calm. But ultimately the strength of the defence-industrial base is closely tied to the health of the broader…” quote by Scott Bessent](https://sms4smile.com/quotes/i/e01/scott-bessent-8205_calm_the-shift-of-industrial-production-abroa_2313698.jpg) [Download](https://sms4smile.com/quotes/i/e01/scott-bessent-8205_calm_the-shift-of-industrial-production-abroa_2313698.jpg) [Open image](https://sms4smile.com/quotes/i/e01/scott-bessent-8205_calm_the-shift-of-industrial-production-abroa_2313698.jpg) > “The shift of industrial production abroad and the corresponding reallocation of American resources into the service sector arguably provided aggregate benefits in periods of geopolitical calm. But ultimately the strength of the defence-industrial base is closely tied to the health of the broader industrial base.” [Scott Bessent](https://sms4smile.com/quotes/author/scott-bessent/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Shifting manufacturing overseas and expanding services can boost the economy in peace, but a strong defense sector depends on a robust overall industrial base. **In simple terms:** Industrial shifts help peace, but defense needs a strong base. Key Takeaway Maintain balanced industrial policy. Themes economics defense industrial policy Mood analytical concerned Type explanatory critical When to use this quote - policy planning - business strategy - government budgeting Key Concepts globalization resource allocation national security Questions to Reflect On - How can we sustain manufacturing at home? - What policies protect both service growth and industrial strength? A Different Perspective Overreliance on services may weaken defense readiness. ★ ★ ★ ★ ★ No ratings yet [Calm](https://sms4smile.com/quotes/about/calm/) [Health](https://sms4smile.com/quotes/about/health/) [Peace](https://sms4smile.com/quotes/about/peace/) [Service](https://sms4smile.com/quotes/about/service/) [Strength](https://sms4smile.com/quotes/about/strength/) ## Related quotes > [One cannot find a healthy economy anywhere in the world that does not have a strong industrial base, period.](https://sms4smile.com/quotes/anonymous/one-cannot-find-a-healthy-economy-anywhere-in-the-world-that-does-not/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [We have an industrial base - one that, if made to take orders rather than being allowed in the vacuum of leadership to create…](https://sms4smile.com/quotes/rick-tumlinson/we-have-an-industrial-base-one-that-if-made-to-take-orders-rather/) [Rick Tumlinson](https://sms4smile.com/quotes/author/rick-tumlinson/) > [We went bankrupt. My parents got divorced. I was going to a super-rich kids school and suddenly we had to shift to Shivaji Nagar…](https://sms4smile.com/quotes/sajid-khan/we-went-bankrupt-my-parents-got-divorced-i-was-going-to-a-super-rich/) [Sajid Khan](https://sms4smile.com/quotes/author/sajid-khan/) > [As an actor, you tend to get excited about scenes that are weighty or meaty because you get to shift gears in a way…](https://sms4smile.com/quotes/emma-corrin/as-an-actor-you-tend-to-get-excited-about-scenes-that-are-weighty-or/) [Emma Corrin](https://sms4smile.com/quotes/author/emma-corrin/) > [In the first speech I delivered as health secretary, I made one thing perfectly clear: we need a cultural shift in the NHS: from…](https://sms4smile.com/quotes/andrew-lansley/in-the-first-speech-i-delivered-as-health-secretary-i-made-one-thing/) [Andrew Lansley](https://sms4smile.com/quotes/author/andrew-lansley/) > [I'm not looking for pity, I'm really not, but I'm constantly uneasy and every day it is pretty much like getting up and going…](https://sms4smile.com/quotes/marian-keyes/i-m-not-looking-for-pity-i-m-really-not-but-i-m-constantly-uneasy-and/) [Marian Keyes](https://sms4smile.com/quotes/author/marian-keyes/) > [I sort of tried to get a basketball scholarship out of high school, but that didn't happen. Then I started working for UPS, and…](https://sms4smile.com/quotes/boyd-holbrook/i-sort-of-tried-to-get-a-basketball-scholarship-out-of-high-school/) [Boyd Holbrook](https://sms4smile.com/quotes/author/boyd-holbrook/) > [When I was 16 I was fortunate enough to get Cosby and move to New York and shift my whole life. that had been…](https://sms4smile.com/quotes/lisa-bonet/when-i-was-16-i-was-fortunate-enough-to-get-cosby-and-move-to-new/) [Lisa Bonet](https://sms4smile.com/quotes/author/lisa-bonet/) > [It's always uncomfortable for me when I take off my shirt. No one else is taking their shift off. Why is everyone else in…](https://sms4smile.com/quotes/taylor-lautner/it-s-always-uncomfortable-for-me-when-i-take-off-my-shirt-no-one-else/) [Taylor Lautner](https://sms4smile.com/quotes/author/taylor-lautner/) > [I had worked my way up at Fox. I started in 2007, working the overnight shift on the weekends. I would do one-minute news-of-the-day…](https://sms4smile.com/quotes/ainsley-earhardt/i-had-worked-my-way-up-at-fox-i-started-in-2007-working-the-overnight/) [Ainsley Earhardt](https://sms4smile.com/quotes/author/ainsley-earhardt/) > [I started in TV movies and then had success in my move to features with 'Night Shift' and 'Splash'.](https://sms4smile.com/quotes/brian-grazer/i-started-in-tv-movies-and-then-had-success-in-my-move-to-features/) [Brian Grazer](https://sms4smile.com/quotes/author/brian-grazer/) > [There is no one-size-fits-all process. It differs from character to character and priority to priority. Every project has a different priority, and you have…](https://sms4smile.com/quotes/vikrant-massey/there-is-no-one-size-fits-all-process-it-differs-from-character-to/) [Vikrant Massey](https://sms4smile.com/quotes/author/vikrant-massey/) > [It could just be a shift on the axis.](https://sms4smile.com/quotes/bill-cassidy/it-could-just-be-a-shift-on-the-axis/) [Bill Cassidy](https://sms4smile.com/quotes/author/bill-cassidy/) > [Twenty years of schooling and they put you on the day shift - look out out kid, they keep it all hid](https://sms4smile.com/quotes/bob-dylan/twenty-years-of-schooling-and-they-put-you-on-the-day-shift-look-out/) [Bob Dylan](https://sms4smile.com/quotes/author/bob-dylan/) > [“A shift was taking place in my life - the beach house, Kyle, Tristan; the tides were changing.”](https://sms4smile.com/quotes/adriane-leigh/a-shift-was-taking-place-in-my-life-the-beach-house-kyle-tristan-the/) [Adriane Leigh](https://sms4smile.com/quotes/author/adriane-leigh/) ## More by Scott Bessent > [If Vice President Albert Arnold Gore, Jr. had won his home state of Tennessee on November 7, 2000, he would have become president of…](https://sms4smile.com/quotes/scott-bessent/if-vice-president-albert-arnold-gore-jr-had-won-his-home-state-of/) [Scott Bessent](https://sms4smile.com/quotes/author/scott-bessent/) > [Our firm: We study history. We think about the future. We try to analyze what's going on in the present.](https://sms4smile.com/quotes/scott-bessent/our-firm-we-study-history-we-think-about-the-future-we-try-to-analyze/) [Scott Bessent](https://sms4smile.com/quotes/author/scott-bessent/) > [Tariffs can't be inflationary because if the price of one thing goes up, unless you give people more money, then they have less money…](https://sms4smile.com/quotes/scott-bessent/tariffs-can-t-be-inflationary-because-if-the-price-of-one-thing-goes/) [Scott Bessent](https://sms4smile.com/quotes/author/scott-bessent/) > [President Trump's first-term tariffs did not raise the prices of the affected goods, despite predictions back then that the tariffs would prove inflationary. Indeed,…](https://sms4smile.com/quotes/scott-bessent/president-trump-s-first-term-tariffs-did-not-raise-the-prices-of-the/) [Scott Bessent](https://sms4smile.com/quotes/author/scott-bessent/) > [We are stretching our nation's finances and creditworthiness so thin that we may find ourselves unable to afford to defend our interests around the…](https://sms4smile.com/quotes/scott-bessent/we-are-stretching-our-nation-s-finances-and-creditworthiness-so-thin/) [Scott Bessent](https://sms4smile.com/quotes/author/scott-bessent/) > [Treasury Secretary Janet Yellen has distorted Treasury markets by borrowing more than $1 trillion in more-expensive shorter-term debt compared with historical norms. Terming out…](https://sms4smile.com/quotes/scott-bessent/treasury-secretary-janet-yellen-has-distorted-treasury-markets-by/) [Scott Bessent](https://sms4smile.com/quotes/author/scott-bessent/) > [The original sin of Bidenomics was the American Rescue Plan, which became law in March 2021.](https://sms4smile.com/quotes/scott-bessent/the-original-sin-of-bidenomics-was-the-american-rescue-plan-which/) [Scott Bessent](https://sms4smile.com/quotes/author/scott-bessent/) > [Used strategically, tariffs can increase revenue to the Treasury, encourage businesses to restore production and reduce our reliance on industrial production from strategic rivals.](https://sms4smile.com/quotes/scott-bessent/used-strategically-tariffs-can-increase-revenue-to-the-treasury/) [Scott Bessent](https://sms4smile.com/quotes/author/scott-bessent/) > [Academic economists have consistently discredited themselves by wrongly warning against the policies of President Trump.](https://sms4smile.com/quotes/scott-bessent/academic-economists-have-consistently-discredited-themselves-by/) [Scott Bessent](https://sms4smile.com/quotes/author/scott-bessent/) > [I grew up on a fishing village, a little river, South Carolina.](https://sms4smile.com/quotes/scott-bessent/i-grew-up-on-a-fishing-village-a-little-river-south-carolina/) [Scott Bessent](https://sms4smile.com/quotes/author/scott-bessent/) > [Allowing the private sector rather than the government to allocate capital is crucial to growth.](https://sms4smile.com/quotes/scott-bessent/allowing-the-private-sector-rather-than-the-government-to-allocate/) [Scott Bessent](https://sms4smile.com/quotes/author/scott-bessent/) > [Despite its many flaws, abandoning the international trading system would be a major economic and strategic mistake. Instead, the United States must adopt policies…](https://sms4smile.com/quotes/scott-bessent/despite-its-many-flaws-abandoning-the-international-trading-system/) [Scott Bessent](https://sms4smile.com/quotes/author/scott-bessent/) > [The reserve currency can go up and down based on the market.](https://sms4smile.com/quotes/scott-bessent/the-reserve-currency-can-go-up-and-down-based-on-the-market/) [Scott Bessent](https://sms4smile.com/quotes/author/scott-bessent/) > [Trump does like to pick fights, but it is a mistake to think he is transactional on China.](https://sms4smile.com/quotes/scott-bessent/trump-does-like-to-pick-fights-but-it-is-a-mistake-to-think-he-is/) [Scott Bessent](https://sms4smile.com/quotes/author/scott-bessent/) > [The Federal Reserve was forced to raise rates at a record pace after the demand shock created by Biden's multi-trillion-dollar spending packages were launched…](https://sms4smile.com/quotes/scott-bessent/the-federal-reserve-was-forced-to-raise-rates-at-a-record-pace-after/) [Scott Bessent](https://sms4smile.com/quotes/author/scott-bessent/) [Explore all 83 Scott Bessent quotes ](https://sms4smile.com/quotes/author/scott-bessent/) ## More Calm quotes > [Grandma, please. It’s okay. Dad’s doing a great job. I give him kudos for at least being calm and rational, and not losing his…](https://sms4smile.com/quotes/sherrilyn-kenyon/grandma-please-it-s-okay-dad-s-doing-a-great-job-i-give-him-kudos-for/) [Sherrilyn Kenyon](https://sms4smile.com/quotes/author/sherrilyn-kenyon/) > [You practice mindfulness, on the one hand, to be calm and peaceful. On the other hand, as you practice mindfulness and live a life…](https://sms4smile.com/quotes/anonymous/you-practice-mindfulness-on-the-one-hand-to-be-calm-and-peaceful-on/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [“After the storm, reigns the calm.”](https://sms4smile.com/quotes/simdi-onuora/after-the-storm-reigns-the-calm/) Simdi Onuora > [So mightiest powers buy deepest calms are fed, And sleep, how oft, in things that gentlest be!](https://sms4smile.com/quotes/bryan-procter/so-mightiest-powers-buy-deepest-calms-are-fed-and-sleep-how-oft-in/) [Bryan Procter](https://sms4smile.com/quotes/author/bryan-procter/) > [KEEP CALM and HAVE A SUGAR CUBE](https://sms4smile.com/quotes/suzanne-collins/keep-calm-and-have-a-sugar-cube/) [Suzanne Collins](https://sms4smile.com/quotes/author/suzanne-collins/) > [To practice Aikido fully you must calm the spirit and go back to the origin.](https://sms4smile.com/quotes/morihei-ueshiba/to-practice-aikido-fully-you-must-calm-the-spirit-and-go-back-to-the/) [Morihei Ueshiba](https://sms4smile.com/quotes/author/morihei-ueshiba/) > [You imagine that I look back on my life's work with calm satisfaction. But from nearby it looks quite different. There is not a…](https://sms4smile.com/quotes/albert-einstein/you-imagine-that-i-look-back-on-my-life-s-work-with-calm-satisfaction/) [Albert Einstein](https://sms4smile.com/quotes/author/albert-einstein/) > [Don't get divorced after your first argument! I have a lot of friends that have one fight and that's it, they get divorced. I…](https://sms4smile.com/quotes/kelly-ripa/don-t-get-divorced-after-your-first-argument-i-have-a-lot-of-friends/) [Kelly Ripa](https://sms4smile.com/quotes/author/kelly-ripa/) > [The goal of the operation is to send Gaza back to the Middle Ages, only then will Israel be calm for the next 40 years.](https://sms4smile.com/quotes/michael-ben-ari/the-goal-of-the-operation-is-to-send-gaza-back-to-the-middle-ages/) Michael Ben-Ari > [No physiologist who calmly considers the question in connection with the general truths of his science, can long resist the conviction that different parts…](https://sms4smile.com/quotes/herbert-spencer/no-physiologist-who-calmly-considers-the-question-in-connection-with/) [Herbert Spencer](https://sms4smile.com/quotes/author/herbert-spencer/) > [When I was a child I truly loved: Unthinking love as calm and deep As the North Sea. But I have lived, And now…](https://sms4smile.com/quotes/john-gardner/when-i-was-a-child-i-truly-loved-unthinking-love-as-calm-and-deep-as/) [John Gardner](https://sms4smile.com/quotes/author/john-gardner/) > [~Keep Calm and Swagger On~](https://sms4smile.com/quotes/im-nothing/keep-calm-and-swagger-on/) Im Nothing > [Ride your horse calm, forward and then make him straight.](https://sms4smile.com/quotes/walter-zettl/ride-your-horse-calm-forward-and-then-make-him-straight/) [Walter Zettl](https://sms4smile.com/quotes/author/walter-zettl/) > [Life appears to me too short to be spent in nursing animosity, or registering wrongs. With this creed, revenge never worries my heart, degradation…](https://sms4smile.com/quotes/charlotte-bronte/life-appears-to-me-too-short-to-be-spent-in-nursing-animosity-or/) [Charlotte Bronte](https://sms4smile.com/quotes/author/charlotte-bronte/) > [Religious work is one of the best ways to keep from facing your reality if you are Christian, if you are using it to…](https://sms4smile.com/quotes/keith-miller/religious-work-is-one-of-the-best-ways-to-keep-from-facing-your/) [Keith Miller](https://sms4smile.com/quotes/author/keith-miller/) [Browse all 3,074 Calm quotes ](https://sms4smile.com/quotes/about/calm/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "The shift of industrial production abroad and the corresponding reallocation of American resources into the service sector arguably provided aggregate benefits in periods of geopolitical calm. But ultimately the strength of the defence-industrial base is closely tied to the health of the broader industrial base.", "creator": { "@type": "Person", "name": "Scott Bessent" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/scott-bessent/the-shift-of-industrial-production-abroad-and-the-corresponding/", "about": { "@type": "Thing", "name": "Calm" }, "@id": "https://sms4smile.com/quotes/scott-bessent/the-shift-of-industrial-production-abroad-and-the-corresponding/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/e01/scott-bessent-8205_calm_the-shift-of-industrial-production-abroa_2313698.jpg", "contentUrl": "https://sms4smile.com/quotes/i/e01/scott-bessent-8205_calm_the-shift-of-industrial-production-abroa_2313698.jpg", "url": "https://sms4smile.com/quotes/i/e01/scott-bessent-8205_calm_the-shift-of-industrial-production-abroa_2313698.jpg", "width": 1080, "height": 1080, "caption": "“The shift of industrial production abroad and the corresponding reallocation of American resources into the…” — Scott Bessent", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } }, { "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "Scott Bessent", "item": "https://sms4smile.com/quotes/author/scott-bessent/" }, { "@type": "ListItem", "position": 4, "name": "The shift of industrial production abroad...", "item": "https://sms4smile.com/quotes/scott-bessent/the-shift-of-industrial-production-abroad-and-the-corresponding/" } ], "@id": "https://sms4smile.com/quotes/scott-bessent/the-shift-of-industrial-production-abroad-and-the-corresponding/#breadcrumb" }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```