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Technology and globalization are threatening manufacturing’s traditional ability to deliver both productivity and jobs at a large scale for unskilled workers. Concerns about widening inequality within and across countries are raising questions about whether interventions are needed and how effective they could be. Trouble in the Making? The Future of Manufacturing-Led Development addresses three questions: - How has the global manufacturing landscape changed and why does this matter for development opportunities? - How are emerging trends in technology and globalization likely to shape the feasibility and desirability of manufacturing-led development in the future? - If low wages are going to be less important in defining competitiveness, how can less industrialized countries make the most of new opportunities that shifting technologies and globalization patterns may bring? The book examines the impacts of new technologies (i.e., the Internet of Things, 3-D printing, and advanced robotics), rising international competition, and increased servicification on manufacturing productivity and employment. The aim is to inform policy choices for countries currently producing and for those seeking to enter new manufacturing markets. Increased polarization is a risk, but the book analyzes ways to go beyond focusing on potential disruptions to position workers, firms, and locations for new opportunities. www.worldbank.org/futureofmanufacturing
Originally published in 1995, this book follows the preceding 4 volumes (Aisa, Africa, Latin America and Developed Countries) and discusses technological transformation in development history. It looks back on two centuries of history of the emergence of developed countries and examines the various aspects determining the speed, size and shape of the historical process of transformation in developed countries after World War 2.
Over the past three decades, the price of machinery and equipment fell dramatically relative to other prices in advanced and emerging market and developing economies. Using cross-country and sectoral data, we show that the decline in the relative price of tangible tradable capital goods provided a significant impetus to the capital deepening that took place during the same time period. The broad-based decline in the relative price of machinery and equipment, in turn, was driven by the faster productivity growth in the capital goods producing sectors relative to the rest of the economy, and deeper trade integration, which induced domestic producers to lower prices and increase their efficiency. Our findings suggest an additional channel through which rising trade tensions and sluggish productivity could threaten real investment growth going forward.
Study on the role of technology transfer and the industrial production of capital goods in developing countries - describes characteristics of the capital goods sector in developed countries; examines obstacles facing developing countries and the production of capital goods in Brazil, India and Korea R; presents a case study of China; comments on the access of newly industrializing countries to the production of electronics-based machine tools. References.
A renowned economist argues for the importance of property rights in "the most intelligent book yet written about the current challenge of establishing capitalism in the developing world" (Economist) "The hour of capitalism's greatest triumph," writes Hernando de Soto, "is, in the eyes of four-fifths of humanity, its hour of crisis." In The Mystery of Capital, the world-famous Peruvian economist takes up one of the most pressing questions the world faces today: Why do some countries succeed at capitalism while others fail? In strong opposition to the popular view that success is determined by cultural differences, de Soto finds that it actually has everything to do with the legal structure of property and property rights. Every developed nation in the world at one time went through the transformation from predominantly extralegal property arrangements, such as squatting on large estates, to a formal, unified legal property system. In the West we've forgotten that creating this system is what allowed people everywhere to leverage property into wealth. This persuasive book revolutionized our understanding of capital and points the way to a major transformation of the world economy.
This book, an outcome of the conference in 1983 held at the University of Birmingham, examines the varied roles played by multinational corporations in the economies of the Third World countries and concentrates more closely on regional, national, sectoral or corporate levels.
Originally published in 1993, this book contains 4 studies on Asia: Bangladesh, India, South Korea and Sri Lanka. The studies reflect 4 different patterns of technological transformation. India, with its large populaiton has made considerable progress but its overall development has been slow until recently. At the other extreme, South Korea which had a very low per capita income in the 1950s registered a quantum leap in technological transformation within a short span of 30 years. The heritage of Bangladesh's past has constrained its progress in overcoming structural weaknesses but in comparison, Sri Lanka displays a very different pattern. The sources used draw upon research in development economics, economic history, technology and studies in general and country studies in particular.
Originally published in 1993, this book contains 3 studies from Latin America: Mexico, Puerto Rico and Venezuela. These studies bring out sharply the processes at work in Latin America between 1950 and 1980, which were responsible for the crisis that the continent faced in the 1980s. In each case there was a striking failure in building up national technological capability so that the country could grapple with the problems it faced.