Table of Contents

Handbook of Manufacturing Industries in the World Economy

Handbook of Manufacturing Industries in the World Economy

Research Handbooks in Business and Management series

Edited by John R. Bryson, Jennifer Clark and Vida Vanchan

This interdisciplinary volume provides a critical and multi-disciplinary review of current manufacturing processes, practices, and policies, and broadens our understanding of production and innovation in the world economy. Chapters highlight how firms and industries modify existing processes to produce for established and emerging markets through dynamic and design-driven strategies. This approach allows readers to view transformations in production systems and processes across sectors, technologies and industries. Contributors include scholars ranging from engineering to policy to economic geography. The evidence demonstrates that manufacturing continues to matter in the world economy.

Chapter 14: New geographies of advanced manufacturing: the case of machine tools

Ronald V. Kalafsky

Subjects: business and management, strategic management, geography, economic geography, urban and regional studies, regional studies


The manufacturing sector endures as an important element of economic development, even as its employment numbers shrink in many countries. Through to the present, manufacturing has served as a means of economic growth, increased international trade, and human capital expansion in a number of emerging economies. In mature market economies, the secondary sector still has considerable impacts, as evidenced by increased value-added per worker and the multiplier effects of this sector. Linked to wider manufacturing activities are machine tools, which are a critical component of most advanced industrial processes, especially within metalworking. A common definition holds that, “A machine tool is a power-driven machine, not hand-held, that is used to cut, form or shape metal” (Association for Manufacturing Technology (AMT) 2002); common examples of machine tools include industrial presses, lathes, machining centers, and grinders. Given this definition, one can find these key capital goods in a wide range of industrial operations, serving numerous critical tasks.

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