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Paul L. Forrester

1.  Manufacturing management in theory and practice Paul L. Forrester INTRODUCTION Manufacturing management has a diverse and rich history. The evolution of management thought through the 20th century has been inextricably linked to the practices and theories of factory management. The need to organize, plan and control resources emerged with the development of the Industrial Revolution (Babbage, 1835), though initially the practice was for a very general form of enterprise management with little by way of a theory of production management. This changed with

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Patrizio Bianchi and Sandrine Labory

Industrial Policy for the Manufacturing Revolution 1.  Introduction: globalisation and the manufacturing revolution The twenty-first century is becoming an era of profound societal and economic change. Globalisation has reduced its pace after the financial crisis, at least in terms of global trade of physical goods and services. However, industries are pursuing the structural changes implied by the rising extent of the market brought about by globalisation. Firms sell in global markets and ally with competitors to realise the R&D of specific product

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Vida Vanchan, John R. Bryson and Jennifer Clark

Introduction: manufacturing matters: space, place, time and production Vida Vanchan, John R. Bryson and Jennifer Clark Manufacturing has undeniably transformed the world; from new inventions and technical improvements in machinery and manufactured products to the development of new production systems (Best, 2001; Owen, 2000). Manufacturing has played a critical role in creating the evolving global or international economy and in economic development. The ongoing formation of a global economy would be impossible without products produced by manufacturing

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Oliver Morrissey and Michael Tribe

1. Introduction: evaluating the relationship between economic policy and manufacturing sector performance Oliver Morrissey and Michael Tribe 1 INTRODUCTION One of the principal issues associated with the analysis of the relationship between economic policy and manufacturing sector performance lies in the definition of ‘economic policy’. The term ‘economic policy reform’ has, in recent years, been linked in the literature principally with macroeconomic stabilisation, trade and exchange rate liberalisation, financial market liberalisation, and the removal of a wide

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Jonathan F. Cogliano, Peter Flaschel, Reiner Franke, Nils Fröhlich and Roberto Veneziani

perspective, Quesnay’s model provides an IO matrix with two commodities, corn and manufactured goods, where the corn input into the production of corn (agriculture) and manufacturing (including trade) also includes the subsistence consumption of workers as a representation of their direct labor input (as if they were cattle). In this relatively simple two-commodity framework, we characterize productive and profitable production structures, and provide the general definition of the concepts of productiveness and profitability for general n-sectoral IO tables interpreted as

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Why Akamatsu’s original theory needs reformulation

The ‘Flying-Geese’ Theory of Multinational Corporations and Structural Transformation

Terutomo Ozawa

far back as the 1930s. And it was based on his statistical studies of the trends of Japan’s trade in manufactures over a long period from the late nineteenth to the early twentieth century, during which Japan’s catch-up industrialization proceeded. As expected, therefore, some of his core concepts are naturally outdated in the light of rapid changes in technology, commercial knowledge, industrial structures, institutions, and international relations in the global economy. His original framework of analysis thus requires extensive updating and reformulation in order

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Thomas I. Palley

States. Moreover, the US economic relationship with China is viewed as especially problematic, as it involves the largest bi-lateral trade deficit, and because it has also been a major source of investment diversion and manufacturing job loss. The paper concludes that the analogy between today's global financial system and the original Bretton Woods system is without foundation; the BW II hypothesis was wrong before the economic crisis of 2008; and it is wrong after the crisis. That it survives is testament to the forces of ideology guiding international economics and

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Bart J. Bronnenberg

1.  Retailing and consumer demand for convenience Bart J. Bronnenberg 1.1 INTRODUCTION Retailing is an important sector of the economy. It is part of the distributive trades composed of all the institutions involved in the distribution of products from manufacturers to consumers. The existence of a large distribution sector is a natural consequence of the separation of consumers from producers that comes with manufacturing at large volume (Braithwaite and Dobbs 1932) and it is an important and a necessary part of our industrial organization. Among the earliest

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First paragraph

In the United States, the Fourth of July is usually a day of celebration. But the date has a darker meaning for families of more than a thousand workers in central New York. That is because Independence Day, 2004, was when Carrier Corporation halted its Syracuse-area production of cooling equipment, and 1,200 hourly and salaried employees watched their jobs move to Asia (Fay 2005). Carrier workers are not alone. In July 2005, U. S. manufacturing employment totaled 14.3 million, down three million since July 2000. That is a loss of about 20 percent of America's manufacturing jobs in just a few years.

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Ju-Ho Lee, Hyeok Jeong and Song Chang Hong

, which praises scholars of the humanities and farmers while disregards professions in manufacturing and trade. Because parents encouraged their children to pursue academic education in colleges and hold white-collar jobs, industries lagged behind with few technicians, skilled workers, and blue-collar workers. To make matters worse, Japanese colonial rule prohibited Koreans from accumulating both physical and human capital for entrepreneurship in industrial sectors. The three years of the Korean War with the division of the Korean peninsula also devastated the economic