Trouble in the Making? : The Future of Manufacturing-Led Development
Globalization and new technologies are impacting the desirability and feasibility of what has historically been the most successful development strategy. Manufacturing has been seen as special, promising both productivity gains and job creation. But trade is slowing. Global value chains (GVC) are ma...
| Main Authors: | , |
|---|---|
| Format: | Book |
| Language: | English en_US |
| Published: |
Washington, DC: World Bank
2017
|
| Subjects: | |
| Online Access: | http://hdl.handle.net/10986/27946 |
| id |
okr-10986-27946 |
|---|---|
| recordtype |
oai_dc |
| spelling |
okr-10986-279462021-09-15T14:27:20Z Trouble in the Making? : The Future of Manufacturing-Led Development Hallward-Driemeier, Mary Nayyar, Gaurav GLOBALIZATION COMPETITIVENESS AUTOMATION POLARIZATION ROBOTICS STRUCTURAL TRANSFORMATION INDUSTRIALIZATION INDUSTRIAL POLICY JOBS PRODUCTIVITY PRODUCT CYCLE MANUFACTURING SERVICES TRADE TECHNOLOGY TRENDS JOB CREATION Globalization and new technologies are impacting the desirability and feasibility of what has historically been the most successful development strategy. Manufacturing has been seen as special, promising both productivity gains and job creation. But trade is slowing. Global value chains (GVC) are maturing. Robotics, artificial intelligence, 3D printing, and the Internet of things are shifting what makes locations attractive for production and threatening significant disruptions in employment. There is a risk of increased polarization, within countries and across countries. Shifting the attention from high-income countries, this report takes the perspective of developing countries to ask: -- If new technologies reduce the importance of low-wage labor, how can developing countries compete? -- Do countries need to industrialize to develop? -- How can countries at different levels of development take advantage of new opportunities? Development strategies need to broaden. Different manufacturing sub-sectors can still provide productivity growth or jobs; fewer can deliver both. Many of the pro-development characteristics traditionally associated with manufacturing--tradability, scale, innovation, learning-by-doing--are increasingly features of services. With faster diffusion of technology, it will be all the more important for countries to improve the enabling environment, remain open to trade, and support capabilities of firms and workers to ensure future prosperity is shared. 2017-08-22T15:59:07Z 2017-08-22T15:59:07Z 2017-09-20 Book 978-1-4648-1174-6 http://hdl.handle.net/10986/27946 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC: World Bank Publications & Research Publications & Research :: Publication East Asia and Pacific China |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
GLOBALIZATION COMPETITIVENESS AUTOMATION POLARIZATION ROBOTICS STRUCTURAL TRANSFORMATION INDUSTRIALIZATION INDUSTRIAL POLICY JOBS PRODUCTIVITY PRODUCT CYCLE MANUFACTURING SERVICES TRADE TECHNOLOGY TRENDS JOB CREATION |
| spellingShingle |
GLOBALIZATION COMPETITIVENESS AUTOMATION POLARIZATION ROBOTICS STRUCTURAL TRANSFORMATION INDUSTRIALIZATION INDUSTRIAL POLICY JOBS PRODUCTIVITY PRODUCT CYCLE MANUFACTURING SERVICES TRADE TECHNOLOGY TRENDS JOB CREATION Hallward-Driemeier, Mary Nayyar, Gaurav Trouble in the Making? : The Future of Manufacturing-Led Development |
| geographic_facet |
East Asia and Pacific China |
| description |
Globalization and new technologies are impacting the desirability and feasibility of what has historically been the most successful development strategy. Manufacturing has been seen as special, promising both productivity gains and job creation. But trade is slowing. Global value chains (GVC) are maturing. Robotics, artificial intelligence, 3D printing, and the Internet of things are shifting what makes locations attractive for production and threatening significant disruptions in employment. There is a risk of increased polarization, within countries and across countries.
Shifting the attention from high-income countries, this report takes the perspective of developing countries to ask:
-- If new technologies reduce the importance of low-wage labor, how can developing countries compete?
-- Do countries need to industrialize to develop?
-- How can countries at different levels of development take advantage of new opportunities?
Development strategies need to broaden. Different manufacturing sub-sectors can still provide productivity growth or jobs; fewer can deliver both. Many of the pro-development characteristics traditionally associated with manufacturing--tradability, scale, innovation, learning-by-doing--are increasingly features of services. With faster diffusion of technology, it will be all the more important for countries to improve the enabling environment, remain open to trade, and support capabilities of firms and workers to ensure future prosperity is shared. |
| format |
Book |
| author |
Hallward-Driemeier, Mary Nayyar, Gaurav |
| author_facet |
Hallward-Driemeier, Mary Nayyar, Gaurav |
| author_sort |
Hallward-Driemeier, Mary |
| title |
Trouble in the Making? : The Future of Manufacturing-Led Development |
| title_short |
Trouble in the Making? : The Future of Manufacturing-Led Development |
| title_full |
Trouble in the Making? : The Future of Manufacturing-Led Development |
| title_fullStr |
Trouble in the Making? : The Future of Manufacturing-Led Development |
| title_full_unstemmed |
Trouble in the Making? : The Future of Manufacturing-Led Development |
| title_sort |
trouble in the making? : the future of manufacturing-led development |
| publisher |
Washington, DC: World Bank |
| publishDate |
2017 |
| url |
http://hdl.handle.net/10986/27946 |
| _version_ |
1764466199964418048 |