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Manufacturing in sentence

1925 examples of Manufacturing in a sentence

Fiscal Discipline and Educational QualityANKARA – The world is moving into a post-industrial age in which manufacturing is becoming ever more complex and competition has become global.
To be sure, economic data released since the referendum suggest bullishness in the manufacturing sector, and the National Institute of Economic and Social Research recently forecast that the UK’s balance of payments could achieve a small surplus by 2019.
Unlike his father, King Hassan II, Mohammed has supported the region’s indigenous Berber culture, and made investments to turn the Rif coastal region into a manufacturing hub.
The effect has been staggering: aerospace manufacturing has almost disappeared from California, but is booming in Texas.
Although manufacturing in the US is in crisis, Texas has one of the strongest manufacturing economies in the world.
With services in China employing 30% more workers per unit of output than manufacturing and construction, the sector’s expansion will help to preserve social stability, even as economic growth slows to 7%.
But most buildings today are constructed using bricks and mortar, concrete, and, for larger structures, steel – all materials that produce substantial carbon emissions during the manufacturing process.
China’s dramatic manufacturing growth reflected low wages up to now.
Some manufacturing activities, though few jobs, may well return to developed countries, as the advantages of proximity to customers and lower transport costs outweigh decreasingly important differences in labor costs.
Only a handful of economies over the last 60 years have fully caught up to advanced-economy living standards, and all relied on export-led growth to drive productivity and job creation in manufacturing.
Meanwhile, for some low-income countries, increased manufacturing and service-sector automation of the sort described by Brynjolfsson and McAfee, whether within advanced economies or within China’s established industrial clusters, will make the path to middle- and high-income status more difficult to achieve.
In the service sector, the decline is even worse than in manufacturing, because services are heavily regulated and partially closed to foreign competition.
Given that private investment accounts for at least 60% of total investment in manufacturing, this will undoubtedly have macroeconomic consequences.
According to the National Bureau of Statistics of China, the services sector has far outpaced manufacturing in employment growth since 2010, a reversal of the earlier trend.
Given the need for China to move away from manufacturing, this is not altogether bad news.
Overall productivity doubles, and can double again, as both agriculture and manufacturing become still more productive, with some workers then shifting to restaurants or health-care services.
Indeed, not long ago, it was thought that many of the production networks that span Asia would move almost all of their manufacturing facilities into China.
Indeed, today, average wages in manufacturing along China’s eastern seaboard are higher than in the Philippines and Thailand, countries that once had much higher wages in the export sectors.
The consequences of rising Chinese wages for China’s neighbors are likely to be vast, depending on their current position in manufacturing networks.
For those countries that are increasingly competing with China, the challenge is to make their manufacturing more sophisticated or their design more specialized.
The spread of manufacturing, and hence greater prosperity, into the nooks and corners of Asia’s hinterlands through trade and investment flows, points to the need for Asian governments to begin to understand, and reckon with, increased economic integration.
In the United States, around 4% of the population in 1950 was employed in agriculture, 38% in industry (including mining, construction, and manufacturing), and 58% in services.
Moreover, most of India’s working poor toil as farmers or in small-scale urban manufacturing; for them, escaping the heat means forgoing a paycheck.
To be sure, the export-led model did work in China for some time, with the trade surplus rising to 10% of GDP in 2007, and manufacturing jobs absorbing surplus rural labor.
This is not the case in, say, Asia, a region that embraced new technologies in order to establish itself as a global manufacturing hub.
In fact, thanks to automation, Asia is likely to retain its manufacturing dominance, even after wages rise above the traditional levels of manufacturing-intensive economies.
Against this background, MENA countries cannot hope to pursue the traditional development path of reliance on manufacturing exports.
China now ranks second in the world in terms of GDP, consumption, and foreign direct investment, and first for manufacturing, trade in goods, and foreign-exchange reserves.
Some manufacturing will move out of China, and Africa has a chance of capturing some fraction of it.
This is especially significant, given that, over the last 30 years, Sub-Saharan Africa has suffered from de-industrialization.Indeed, by the late 2000’s – owing partly to the structural-adjustment policies pushed by the international financial institutions – manufacturing as a share of GDP in developing African economies was lower than it was in 1980.
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