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Part IV Presented Papers: Manufacturing Globalization
10 Manufacturing Globalization: Is the Glass Half Full or Half Empty?
Pages 55-60

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From page 55...
... Part IV Manufacturing Globalization 55
From page 56...
... Two primary factors are responsible for the movement of manufacturing to sites outside of the United States: substantially lower labor costs and production of acceptable quality. Lower labor cost has always been available elsewhere, but previously it was often paired with substandard goods that did not meet minimum customer expectations.
From page 57...
... Encouraged by funding from major corporations, programs like the Massachusetts Institute of Technology's Leaders for Manufacturing Program provided a new level of skills and knowledge in their graduates. Universities located near major manufacturing sites frequently had joint development programs, summer intern opportunities, and instant job openings for their graduates.
From page 58...
... The United States does not have a monopoly on the talent necessary to bring these promising technologies to market and cannot be confident that we will be superior enough in these technologies to provide the stimulus and economic success that is envisioned. The success of software developers in India, engineers in Russia, product design teams in China, and help desk call centers in the Philippines indicates that globalization has expanded to many engineering and skilled functions well beyond manufacturing.
From page 59...
... Some countries offer special funding, although the United States utilizes traditional government funding structures. All secretariats offer a matchmaking service, which queries the secretariats in other regions to find the perfect partners with the same research and business interests to join a new project.
From page 60...
... The development of these new industries, as well as the growth of current industries, must occur in the new global environment. Development programs, competitive strategies, and investment decisions by government and industry need to be made with an understanding of global opportunities and risks.


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