Research Handbooks in Business and Management series
Edited by John R. Bryson, Jennifer Clark and Vida Vanchan
Chapter 8: Engineering and manufacturing: concurrent maturation of xRL
There is abundant evidence that manufacturing is a critical sector of a nation’s economy for building wealth. A number of studies from governments, corporations, policy institutes and academic institutions support this assertion and indicate that “making things” is an important way to improve a society’s standard of living (Duesterberg, 2013). The United States recently highlighted four key benefits of a robust manufacturing sector (Report to the President, 2012): 1. 70 percent of exports consist of manufactured goods; 2. one manufacturing job produces an additional six related supply chain jobs and ten jobs in the general economy; 3. 66 percent of scientists and engineers are employed in manufacturing; and 4. more than 50 percent of national research and development expenditures are made in manufacturing. A robust manufacturing sector is also critical to a country’s national security because modern militaries rely on advanced weapon systems and communication platforms to maintain superiority.
You are not authenticated to view the full text of this chapter or article.
Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.
Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.
Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.