Trouble in the making? The future of manufacturing-led development
The surest way to raise workers’ incomes is to create high-quality jobs. Historically, these have been found in manufacturing, but jump-starting job growth in manufacturing is no easy task for policymakers or the private sector. Trouble in the Making? The Future of Manufacturing-Led Development aims to help policymakers and business leaders envision new approaches to promoting manufacturing-led development. Focusing on the impacts of new technologies and shifting patterns of globalization, the book recognizes that “business as usual” will not succeed in promoting manufacturing-led job growth in developing countries. However, it makes the case that wealth-generating, job-creating opportunities can indeed be seized. Success requires new approaches to promoting manufacturing that consider each economy’s competitiveness, capabilities, and connectedness, within the context of ever-shifting international trade patterns, marketplace demands, and financial strengths.