The factory-free economy : outsourcing, servitization, and the future of industry /
Outsourcing, servitization, and the future of industry
edited by Lionel Fontagné and Ann Harrison.
- First edition.
- xvi, 364 pages : illustrations ; 23 cm.
- Studies of policy reform .
- Studies of policy reform. .
Papers presented at a conference held in Paris provided the starting point for this book. Papers were revised, research prolonged, and conclusions refined to produce the book's chapters.
Includes bibliographical references and indexes.
"De-industrialization, accelerated by the financial crisis, is a long-term process. Emerging economies have shifted towards more advanced goods and their growing populations command an increased share in global demand. This shift towards a factory-free economy in high income countries has drawn the attention of policy makers in North America and Europe. Some politicians have articulated alarming views, initiating mercantilist or 'beggar-thy-neighbour' cost-competitiveness policies. Yet companies that concentrate research and design innovations at home, but no longer have any factories there, may be the norm in the future. This volume proposes an economic analysis of this phenomenon and includes 11 contributions which complement each other and tackle the problem from different angles. The evidence in this book suggests that de-industrialization is a process that happens over time in all countries, even China. One implication is that criticism of China is not likely to provide a solution to these long term trends. Another implication is that the distinction between manufacturing and services is likely to become increasingly blurred. More manufacturing firms are engaging in services activities, and more wholesale firms are engaging in manufacturing. One optimistic perspective suggests that industrial country firms may be able to exploit the high value-added and skill-intensive activities associated with design and innovation, as well as distribution, which are all components of the global value chain for manufacturing. Although this ongoing transformation of the industrial economies may be consistent with evolving comparative advantage, it has significant short-run costs and requires far-sighted investments. These include the costs to workers who are caught in the shift from an industrial to a service economy, and the need to invest in new infrastructure and education to prepare coming generations for their changing roles"--Publisher's description.
9780198779162 019877916X
2016950096
Since 1990
Deindustrialization.
Service industries.
Industrial policy.
International trade.
Offshore assembly industry.
Manufactures.
Economic history--1990-
Deindustrialization.
Economic history.
Industrial policy.
International trade.
Manufactures.
Offshore assembly industry.
Service industries.
HD3611 / .F33 2017 HD2321 / .F338 2017
338.9
Papers presented at a conference held in Paris provided the starting point for this book. Papers were revised, research prolonged, and conclusions refined to produce the book's chapters.
Includes bibliographical references and indexes.
"De-industrialization, accelerated by the financial crisis, is a long-term process. Emerging economies have shifted towards more advanced goods and their growing populations command an increased share in global demand. This shift towards a factory-free economy in high income countries has drawn the attention of policy makers in North America and Europe. Some politicians have articulated alarming views, initiating mercantilist or 'beggar-thy-neighbour' cost-competitiveness policies. Yet companies that concentrate research and design innovations at home, but no longer have any factories there, may be the norm in the future. This volume proposes an economic analysis of this phenomenon and includes 11 contributions which complement each other and tackle the problem from different angles. The evidence in this book suggests that de-industrialization is a process that happens over time in all countries, even China. One implication is that criticism of China is not likely to provide a solution to these long term trends. Another implication is that the distinction between manufacturing and services is likely to become increasingly blurred. More manufacturing firms are engaging in services activities, and more wholesale firms are engaging in manufacturing. One optimistic perspective suggests that industrial country firms may be able to exploit the high value-added and skill-intensive activities associated with design and innovation, as well as distribution, which are all components of the global value chain for manufacturing. Although this ongoing transformation of the industrial economies may be consistent with evolving comparative advantage, it has significant short-run costs and requires far-sighted investments. These include the costs to workers who are caught in the shift from an industrial to a service economy, and the need to invest in new infrastructure and education to prepare coming generations for their changing roles"--Publisher's description.
9780198779162 019877916X
2016950096
Since 1990
Deindustrialization.
Service industries.
Industrial policy.
International trade.
Offshore assembly industry.
Manufactures.
Economic history--1990-
Deindustrialization.
Economic history.
Industrial policy.
International trade.
Manufactures.
Offshore assembly industry.
Service industries.
HD3611 / .F33 2017 HD2321 / .F338 2017
338.9