Manufacturing and Growth in the Longer Term:An Economic Perspective

This IMS Vision 2020 Forum is intended to focus on the key issues shaping manufacturing in the early decades of the new century, having regard to emerging technological and socio-economic trends. My task in this paper is to provide some economic perspective to this agenda, with special reference to recent economic theorising about growth and to the continuing impact of technological change on the global economic and social structure. In doing so I am conscious of the diversity of possible approaches to this agenda, and in particular to the discussion of similar issues in this place three years ago, which gave rise to the important National Research Council publication Visionary Manufacturing Challenges for 2020 (National Research Council 1998). Thus this paper can be seen only as one limited and personal perspective.

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