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The years since the global financial crisis have seen something of a renaissance in the manufacturing industry. The United States has launched its Advanced Manufacturing Partnership, and China owes much of its spectacular economic boom in the last decades to its being the 'world's factory'. Is there room for the EU in this landscape? This timely new book explores Europe’s role in this evolving environment. It argues that on the one hand, in terms of sheer numbers, the role of the manufacturing industry in the EU is on a par with other major global economies. However, the book also states that Europe falls short of its global competitors (the USA in particular) in terms of its involvement in the most innovative manufacturing sectors. The volume therefore argues that this creates the opportunity for a new European industrial policy. Exploring the development of current EU policy, the book puts forward suggestions as to how the EU can improve in terms of the competitiveness of its technology policy. Placing the EU’s position in the context of the industrial structures of the USA, Japan and the BRICs, the book blends theoretical models and practical examples in order to offer a the state of the art look at the current and future direction of Europe’s industrial policy. This book will be of relevance to all those with an interest in European economics, industrial economics, public policy, European politics and European studies.
Leading international economists examine the relationship between competitiveness and community objectives, the co-existence of diversity, subsidiarity and EU industrial policy and the consequences of further European integration.
"The claim that U.S. industry is in a crisis - that it stands at a turning point in its competitiveness with foreign rivals - seems on the face of it an objective description of the prevailing state of affairs. But what does "competitiveness" mean when it is used to describe an entire industry, an economy, a nation? What is the relationship between industrial competitiveness and the personal and social value placed on competition? What are the social roots of competition that have made it an enduring American value? How does the current competitiveness debate serve special interests seeking to preserve or extend their social power? The essays presented in Competitiveness and American Society, all written especially for this volume, address these and related questions. The answers they offer reveal the political character of the competitiveness debate, as well as the complexity and ambiguity of the value judgments with which competitiveness issues are entangled." "The perspectives taken by the authors range from the austerely economic, through the political and managerial, to the richly sociological. The opening essay rejects the possibility, let alone the factuality, of a national competitiveness crisis; the closing essay explicitly identifies the root causes of the crisis as national. Other essays look to relationships among culture, society, and industry in the U.S. and Japan as factors shaping America's competitiveness crisis, and the Western European response to that crisis. One essay explores mechanisms that would allow the public to play a constructive role in managerial decision-making; another explores the complications that have followed from mandating the management of resources in accordance with social values." "The common denominator of all of the essays is an engagement with the role that social value judgments play in determining the competitiveness of individual firms. For some, this role is broad and definitive; for others, it is narrowly circumscribed. Taken together, the essays in Competitiveness and American Society establish the need for wider participation in the debate over the competitiveness of U.S. industry than has been held so far. What is needed is a debate that addresses the quality of American life and the health of the industrial sector of the economy, a debate that opens for public deliberation the changes in personal and social values and institutions that will be required to shape that interdependence."--BOOK JACKET.Title Summary field provided by Blackwell North America, Inc. All Rights Reserved
"This report introduces competition and industrial policy concepts, practices and their implementation, and evolving roles. It explores the fundamentals of competition law enforcement and industrial policy dynamics. This includes handling of anti-competitive practices, exclusions/exemptions, the role of competition advocacy and the type of industrial policy tools applied. An analysis of the link between competition and industrial policies, synergies and tensions is presented. This study looks at the implications of the current economic crisis on competition and industrial policies, and raises issues for policy considerations and the way forward."--Executive summary.
Stuart A. Rosenfeld presents a timely analysis of the problems the United States and other industrialized countries face as they adjust from economies based on natural resources and goods to economies based on quality of human resources and high-performance, market-oriented organizations. Some of the questions raised include: Will American industry successfully face the competitive challenge of the global economy? Can US manufacturing raise productivity and innovate enough to remain healthy? Have the latest advances in process technology and management practice penetrated the rural industrial base? How can public policy help improve the competitiveness of the crucial manufacturing sector? This book challenges the conventional wisdom in economic development policy. Past state and local industrial policy focused on locational decisions, not on issues of competitiveness. Building the competitive advantage of industry is more important than promoting the competitive advantages of location. Incentives to modernize are more important than subsidies to locate. Competitive Manufacturing uses the rural South, the most industrialized rural region of the nation, to examine the strengths and weaknesses of manufacturing as the basis for economic growth. Using historical analysis, surveys, and intensive case studies, the author analyzes the technological capabilities of rural manufacturing, the factors that influence the decision to modernize, and the effects of technology on education and work. Comparative studies in Denmark and Italy point to new directions for US economic development policy.
As the twenty-first century begins, the world finds itself with a wide range of possible economic futures. Bankrupt Greece is buying costly submarines and fighter planes. This book intends to suggest several revisions in institutional structure, management techniques and rewards, and a drastic change in how hourly labor is compensated.
Interactive multimedia and information infrastructure receive a lot of attention in the press, but what do they really mean for society? What are the most significant and enduring innovations? What does the convergence of digitally based technologies mean for U.S. businesses and consumers? This book presents an overview of the exciting but much-hyped phenomenon of digital convergence.
Industry and academia should capture significant value through adopting design-led innovation to improve opportunities for success. Skills and capabilities should serve as a basis for adopting new breakthroughs in design-driven innovation. The development of an infrastructure and centers of excellence with the capacity to respond to new market needs, combined with enhanced networking capabilities, will allow companies to be more innovative and competitive. The Handbook of Research on Driving Industrial Competitiveness With Innovative Design Principles is an essential publication that focuses on the relationship between innovation and competitiveness in business. Featuring coverage on a broad range of topics including open innovation, business incubators, and competitiveness dynamics, this book is ideally designed for entrepreneurs, government officials, executives, managers, investors, policymakers, researchers, academicians, and students interested in furthering their knowledge of pertinent topics on product design and commercialization, new models for academia-industry partnerships, and regional entrepreneurial ecosystems based on design principles.