(3)
(4) Manufacturing The New Maker Rules; Big forces are reshaping the world of manufacturing.
Quote:
"Yet the rich-world still leads in high-tech industries. In 2010 it ran a $726 billion surplus in goods such as cars, chemicals, drugs and machinery, but it had a $342 billion trade deficit in labor-intensive tradeables" such as "textiles, clothes and toys," a category (out of five) that constituted 7% of "the $10.5 trillion total worldwide manufacturing vaue-added in 2010."
"McKinsey sheds new light on another old saw: is manufacturing superior to service? It is becoming ever harder to tell the two apart, as many munufacturing jobs blur with service jobs. At American 'manufacturing,' 34% of jobs are service-like, rising to 55% in theglobal-innovative-technology sector. If one count teh workers in supporting services and those who provide raw materials, total American manufacturing employment was 17.2m in 2010, rather than the offcial 11.5m. Remove all service-like jobs and it drops to 7.3m.
Note: The article (which there is no need to read) is based on
Manyika J et al, Manufacturing the Future; The next era of global growth and innovation. Mckinsey Global Institute, November 2012.
http://www.mckinsey.com/insights ... re_of_manufacturing
Full report:
(a) In Exhibit E1 (titled "Top 15 manufacturers by share of global nominal manufacturing gross value added"):
(i) China was No 2 (after US and above Japan), rather than No 1 (as a consultancy asserted two years ago);
(ii) Taiwan was No 15 in 1990, No 13 in 2000 and fell out of the table in 2010 (because some of its manufacturing was moved to China).
(b) The Exhibit E5 (at page 7 where E stands for Executive Sumary; titled "Manufacturing occupations in the United States in 2010") and the following text explain quotation 2.
(iii) Exhibit 6 at page 24 is reprinted in the Economist.
(iv) "box 2. The difference between us and German manufacturing GdP" at page 25.
(v) Exhibit 9 at page 28 is summarized as follows: "US manufacturing job losses in the past decade were driven ESTIMATES mostly by productivity gains that were not matched by demand growth."
(vi) Exhibit 11 at page 29 is summarized as follows: "Most US job losses have been in apparel and electronics assembly; exports of machinery and 'other transportation equipment' are up."
(vii) Exhibit 42 is summarized as "In the global technologies/innovators group, the United States leads in value added, with a 27 percent share"--and shows: US (27%)> China (23%)> Japan (12%) > (German, South Korea, Taiwan) (all 5% each) > (Brazil, Italy, Switzerland, UK) (all 2% each).
(viii) Exhibit 46 at page 66 is summarized as follows: "In the labor-intensive tradables group, China leads in value added, accounting for 36 percent."
|