Manufacturing Renaissance: Return of manufacturing to western countries
This paper argues that the location of manufacturing is gradually shifting to the west again, i.e. Manufacturing Renaissance. Such claim is based on the recent observed trend and the discussion is contextualized within the established theory that has been able to explain the location of manufacturing, i.e. Product Life Cycle Model (PLC). Then the paper identifies and discusses the four main drivers of this new phenomenon. Finally, it is noted that the rerun of manufacturing should be kept in portion and not all industries are coming back to the west in the same pace.
|Date of creation:||03 Dec 2013|
|Contact details of provider:|| Postal: CITR (Center for Innovation and Technology Research), Department of Industrial Economics, Blekinge Inst of Technology, 371 79 Karlskrona, Sweden|
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