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Recommends a manufacturing strategy that develops production facilities, uses appropriate management systems, and establishes firm relationships with suppliers.
America is at the frontier of modern technological and scientific advances and sustaining economic growth depends substantially on its ability to advance that frontier. This insightful book provides some important ideas to enhance this process. The con
Manufacturing’s central role in global innovation Companies compete on the decisions they make. For years—even decades—in response to intensifying global competition, companies decided to outsource their manufacturing operations in order to reduce costs. But we are now seeing the alarming long-term effect of those choices: in many cases, once manufacturing capabilities go away, so does much of the ability to innovate and compete. Manufacturing, it turns out, really matters in an innovation-driven economy. In Producing Prosperity, Harvard Business School professors Gary Pisano and Willy Shih show the disastrous consequences of years of poor sourcing decisions and underinvestment in manufacturing capabilities. They reveal how today’s undervalued manufacturing operations often hold the seeds of tomorrow’s innovative new products, arguing that companies must reinvest in new product and process development in the US industrial sector. Only by reviving this “industrial commons” can the world’s largest economy build the expertise and manufacturing muscle to regain competitive advantage. America needs a manufacturing renaissance—for restoring itself, and for the global economy as a whole. This will require major changes. Pisano and Shih show how company-level choices are key to the sustained success of industries and economies, and they provide business leaders with a framework for understanding the links between manufacturing and innovation that will enable them to make better outsourcing decisions. They also detail how government must change its support of basic and applied scientific research, and promote collaboration between business and academia. For executives, policymakers, academics, and innovators alike, Producing Prosperity provides the clearest and most compelling account yet of how the American economy lost its competitive edge—and how to get it back.
Focusing on China’s relations with the Middle East and North Africa (MENA), this Companion provides essential analysis of a complex region which threatens to become the battleground for rival powers in the future. The Routledge Companion to China and the Middle East and North Africa brings together China scholars from around the world, including from China, the MENA region, the United States, Asia, and Europe. The contributors, experts in their respective areas––which range from politics, military and nuclear power to economics, energy, and tourism––use different methodologies to understand China’s policies in the MENA. Topics analyzed include Chinese investment in infrastructure, the COVID-19 pandemic and the Belt and Road Initiative. Divided into three Parts, the book addresses China’s multidimensional presence in the MENA and its impact on the region while also explicating the MENA’s relations with its traditional Western allies. Bilateral relations and people-to-people interactions are also explored and provide in-depth context to the areas of cooperation that are part of China’s dealings with its partners in the region. Combining contemporary analysis with accessible prose, the book will be of interest to students, scholars, and policy-makers active in international relations, security studies, and economics, as well to general audiences interested in the MENA region.