The US manufacturing recovery: Uptick or renaissance?

Oya Celasun, Gabriel Di Bella, Tim Mahedy, Chris Papageorgiou 24 February 2014

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Amid increasing anecdotes of a ‘renaissance’ in US manufacturing, many commentators have argued that the sector may contribute more significantly to domestic GDP and global industrial output in future (e.g. Financial Times 2012, New York Times 2012, McKinsey Global Institute 2012, Citi Research 2013).

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Topics:  Global economy

Tags:  US, growth, manufacturing, Great Recession

Trade and innovation in services

Leonardo Iacovone, Aaditya Mattoo, Andrés Zahler 15 September 2013

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The literature on innovation and international trade has, until recently, focused almost exclusively on the manufacturing sector. This is not surprising because the bulk of international trade has been in manufactured products and innovation has traditionally been associated with new or improved physical products. The services sector was ignored because it was seen as largely untouched by both trade and innovation.

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Topics:  Development Productivity and Innovation

Tags:  manufacturing, services

Making a future for manufacturing in advanced economies

Richard Dobbs 08 February 2013

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After years of despair about the decline of manufacturing, policymakers in advanced economies now are talking about a rosier future. Wages have risen quickly in coastal China and other offshore locations, and have stagnated or fallen in advanced economies. Severe weather events, such as the Japanese tsunami and Bangkok floods, have exposed the fragility of global supply chains. And news that some US companies will build computers and washing machines once again in North America is offered as proof that the tide has turned (Henion and Schoenherr 2012).

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Topics:  Industrial organisation Productivity and Innovation

Tags:  manufacturing, value added

Spatial disparities in India: Have Mumbai and Chennai become too congested?

Klaus Desmet, Ejaz Ghani, Stephen D O'Connell, Esteban Rossi-Hansberg 13 June 2012

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In the last two decades the Indian economy has been growing at unprecedented rates, but that development has led to widening spatial disparities. While some cities such as Hyderabad have become major high-tech hubs with world-class companies and real estate developments reminiscent of Silicon Valley, many other places remain mired in poverty and stagnation.

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Topics:  Development Industrial organisation Productivity and Innovation

Tags:  India, manufacturing, services, Mumbai, Chennai

Are China and India converging?

Ejaz Ghani 23 January 2012

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Both China and India have attracted global attention for rapid growth, but their growth patterns are very different (Rajan 2006, Pack 2008, Bosworth and Maertens 2010). China took the conventional route of manufacturing-led growth and is recognised as a global leader in manufactured exports. India followed the unconventional route of service-led growth and has acquired a global reputation for service exports. Are their growth patterns converging? Is China catching up in services? Is India catching up in manufacturing? Or has hysteresis kept their growth patterns different?

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Topics:  Development International trade

Tags:  China, India, manufacturing, services

Has production become more fragmented? International vs domestic perspectives

Thibault Fally 10 January 2012

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Production seems more complex and fragmented today than ever before. For instance, airplanes are made of zillions of parts involving many suppliers from various countries (see eg www.newairplane.com). It has also become difficult to keep track of the production of relatively more simple goods such as the Barbie doll (Feenstra 1998) or the iPhone (see Xing 2011 on this site).

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Topics:  International trade

Tags:  US, manufacturing, iPhone

Manufacturing is special

Dani Rodrik 09 November 2011

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Poor countries have access to world markets, off-the-shelf technologies developed by others, and rich countries’ savings. So in principle, they should develop rapidly – more rapidly than advanced economies, which are already at the technological frontier. Yet the historical record belies this expectation. Economic convergence depends in practice on a whole host of policy, institutional, and geographic determinants, the nature of which remains vigorously debated (Acemoglu 2009).

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Topics:  Industrial organisation Productivity and Innovation

Tags:  growth, productivity, manufacturing, convergence

Immigration, offshoring and US jobs

Gianmarco I.P. Ottaviano, Giovanni Peri, Greg C Wright 18 November 2010

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Manufacturing production and employment in the US has been in decline over recent decades. This loss of jobs is often blamed on a combination of multinational firms relocating jobs abroad and immigrant workers increasing competition in the labour market. But measuring the impact of globalisation on jobs is more difficult than that, even if many choose not to believe it.

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Topics:  International trade Migration

Tags:  US, unemployment, immigration, manufacturing, offshoring

Can the US manufacture employment through exports?

Michael J Ferrantino, Danielle Trachtenberg, Alison Weingarden 05 August 2010

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The US economy has shifted from production to services. The Dow Jones index, which was formerly populated by companies like US Steel and Amalgamated Copper, is now composed of companies like Citigroup, Microsoft, and Wal-Mart. Last year the manufacturing sector accounted for 11% of US GDP, whereas finance, insurance, and real estate alone accounted for roughly 20% (BEA 2009a).

Exports are one place where this structural change is less evident. Manufactured goods make up more than half the value of all US exports, and over 80% of goods exports are manufacturing exports.

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Topics:  International trade Labour markets

Tags:  US, Labour Markets, manufacturing, international trade, exports

Has China de-industrialised other developing countries?

Adrian Wood, Jörg Mayer 28 July 2009

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The least disputable of China’s impacts on the world has been the explosion of studies of China’s impact on the world.1 Many such studies have tried to measure the effects on trade or output in other countries. They have reached widely varying conclusions by a wide variety of methods: inspection of trade data (e.g. Lall et al. 2005; Mesquita Moreira, 2007; Kaplinsky and Morris, 2008); revealed comparative advantage calculations (Lederman et al., 2008); gravity models (e.g.

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Topics:  Development International trade

Tags:  China, manufacturing, industrialisation

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