Handbook of Manufacturing Industries in the World Economy
Show Less

Handbook of Manufacturing Industries in the World Economy

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.
Buy Book in Print
Show Summary Details
You do not have access to this content

Chapter 3: How does financialization affect manufacturing investment? Preliminary evidence from the US and UK

Susan Christopherson


In both the US and UK, policymakers have been excited to see a small but significant increase in manufacturing activity and exports in their national economies. Although growth in manufacturing jobs continues to be unpredictable, the creation of manufacturing jobs has been particularly noticeable in light of the major job losses since the early 2000s. The job numbers are not dramatic, however. Approximately 500,000 manufacturing jobs were created in the US between 2009 and 2012 but they represent a fraction of the over 4 million jobs lost in manufacturing since 2000 (Levinson, 2013a). In the UK a recent increase in manufacturing jobs has been slower but exports have been increasing from traditional manufacturing centers, such as the North East (Aldrick, 2013). While not a cause for celebration, these trends have re-awakened interest in manufacturing. There is recognition in both the US and UK that manufacturing matters, not only because of the jobs it creates but also because of its stimulus to innovation and its contribution to exports and the balance of trade. National and regional policymakers are taking a new look at manufacturing and attempting to lure more production firms with promises of tax incentives and workforce training grants.

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.

Further information

or login to access all content.