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Bringing Manufacturing Home: Implications For Emerging Markets Of The Reindustrialisation Of The Core Oecd, Bryane Michael

Bryane Michael (bryane.michael@stcatz.ox.ac.uk)

Will new technologies and policies bring manufacturing back to the US, Western Europe and Japan (or the core OECD)? Despite what the media pundits have told us, such manufacturing never really left (though many of the jobs did). The core OECD and its manufacturing companies already lead the world in industrial manufacturing. Much of the growth in emerging markets like China represents market expansion rather than stealing work from the core OECD. Moreover, both developed and emerging market manufacturers are not locked in a race to sell more, higher-valued manufactured goods. Even advanced market manufacturers sought to expand their low-valued …