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Manufacturing in sentence

1925 examples of Manufacturing in a sentence

Remarkably, my research shows that manufacturing industries tend to close the gap with the technology frontier at the rate of about 3% per year regardless of policies, institutions, or geography.
But this time-tested recipe has become a lot less effective these days, owing to changes in manufacturing technologies and the global context.
First, technological advances have rendered manufacturing much more skill- and capital-intensive than it was in the past, even at the low-quality end of the spectrum.
As a result, the capacity of manufacturing to absorb labor has become much more limited.
It will be impossible for the next generation of industrializing countries to move 25% or more of their workforce into manufacturing, as East Asian economies did.
But when it comes to advanced technologies in emerging sectors like next-generation computing and energy systems, as well as developments in manufacturing like robotics and 3D printing, Japan’s considerable lead should not be underestimated.
It increases the profitability of manufacturing and non-traditional agricultural sectors, which are the activities with both the highest level of labor productivity and with the most rapid rates of productivity increase.
But this investment rate is likely to decline sharply over the next 5-10 years, because the country already boasts new infrastructure, has excess manufacturing capacity in many sectors, and is trying to shift economic activity to services – which require less investment.
Liberalization will affect manufacturing sectors such as the automotive industry, as well as services, including the Internet.
First, they argue that much convergence has already taken place in manufacturing.
This is true, but it neglects the increasing interconnectedness of manufacturing and services, and the changing nature of many services.
In a sense, it is actually more the product of the modern services sector than of manufacturing.
A major driver of past catch-up, if only in terms of incremental growth, was the shift of many activities in both the services and manufacturing sectors from advanced economies to developing countries with lower wages.
Those who happen to live and work in traditional manufacturing districts caught in the turmoil of globalization are multiple losers: their jobs, their housing wealth, and the fortunes of their children and relatives are all highly correlated.
But, while import restrictions may alleviate the pain of some manufacturing districts, they will not prevent companies from relocating where growth opportunities are the strongest.
This would produce structural unemployment to the extent that the ex-construction workers could not do things in manufacturing that would make it worthwhile for manufacturing firms to hire them.
But we would also expect to see manufacturing plants running at double shifts – the money not spent on construction has to go somewhere, and, remember, the problem is not a lack of aggregate demand.
It might require significant time to retrain construction workers and plug them into social networks in which they become good manufacturing workers.
But depression in the construction sector and unemployment among its ex-workers would be balanced by exuberance in the manufacturing sector, rising prices for manufactured goods, and long hours and high wages for manufacturing workersThat is what “mismatch” structural unemployment looks like – and it is not what we have today, at least not in Europe and North America.
In the past three years, employment in construction has shrunk, but so has employment in manufacturing, wholesale trade, retail trade, transportation and warehousing, information distribution and communications, professional and business services, educational services, leisure and hospitality, and in the public sector.
Expansion of modern manufacturing drove growth even in countries that relied mostly on the domestic market, as Brazil, Mexico, and Turkey did until the 1980’s.
Indeed, structural change has become increasingly perverse: from manufacturing to services (prematurely), tradable to non-tradable activities, organized sectors to informality, modern to traditional firms, and medium-size and large firms to small firms.
For 150 years, until 2010, the West (America and Europe) was responsible for the majority of global output, manufacturing, trade, investment, and consumption.
Protests have erupted over widespread joblessness, purportedly caused by Chinese dumping of goods, which is killing off local manufacturing, and exacerbated by China’s import of workers for its own projects.
This tariff will undoubtedly be presented to the public as a move to make American manufacturing great again.
Beyond the headwinds generated by slow advanced-economy growth and abnormal post-crisis monetary and financial conditions, there are the disruptive impacts of digital technology, which are set to erode developing economies’ comparative advantage in labor-intensive manufacturing activities.
China’s continued growth and rising household income are creating opportunities for lower-income economies in low-cost manufacturing.
Beyond upgrading manufacturing, developing countries should be preparing for the shift toward services that they will inevitably undergo as incomes rise (though the precise timing is hard to predict).
Between 1930 and 2000, agricultural output in the United States quadrupled, with productivity growth outstripping that of manufacturing.
Its manufacturing sector now accounts for a mere 11% of America’s GDP.
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