Do Developed Economies Have a Chance to Restore Manufacturing Production?

Mají rozvinuté ekonomiky šanci obnovit průmyslovou výrobu?

Pavel Neumann

Acta Oeconomica Pragensia, 2014, vol. 2014, issue 2, 3-16

Abstract: The article deals with the issue of industry reallocation among the world's countries. Originally, the core of manufacturing production was situated in the most developed centres. After the 1970s, under globalisation and the impact of structural crises, part of production has moved to developing countries. The industries have been adjusted to new conditions in the developed countries and the share of industrial production has decreased considerably in favour of services. The article addresses the question whether a return of manufacturing production to developed countries is possible and which factors stimulate/inhibit the process. Finally, the desired effects of the potential reindustrialisation are mentioned (employment growth, technological progress, development of new industries, etc.) including the role of the state in their stimulation. Nevertheless, the author comes to the conclusion that despite the tendencies towards reindustrialisation described, the existing obstacles will not allow a mass return of industrial production to developed countries.

Keywords: industrial production; developed countries; developing countries; reindustrialisation; technological changes; employment (search for similar items in EconPapers)
JEL-codes: O14 (search for similar items in EconPapers)
Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://aop.vse.cz/doi/10.18267/j.aop.428.html (text/html)
http://aop.vse.cz/doi/10.18267/j.aop.428.pdf (application/pdf)
free of charge

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:prg:jnlaop:v:2014:y:2014:i:2:id:428:p:3-16

Ordering information: This journal article can be ordered from
Redakce Acta Oeconomica Pragensia, Vysoká škola ekonomická v Praze, nám. W. Churchilla 4, 130 67 Praha 3
http://aop.vse.cz

DOI: 10.18267/j.aop.428

Access Statistics for this article

Acta Oeconomica Pragensia is currently edited by Klára Šimůnková

More articles in Acta Oeconomica Pragensia from Prague University of Economics and Business Contact information at EDIRC.
Bibliographic data for series maintained by Stanislav Vojir ().