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The Future of Manufacturing — Implications for Sustainable Development

On the 8th of December, EuroCham hosted a small closed door round-table discussion between the private sector and delegates from the OECD and the World Bank.

The World Bank and the OECD are in the process of developing a new global report on “The Future of Manufacturing—Implications for Sustainable Development” as part of their Global Development Outlook series. In this context, the team is trying to understand the coming trends and implications for job creation and economic growth in this space by talking to the Singapore government, select private players, and leading academic thinkers.  In this context they are keen to meet with Private sector players for an informal conversation about where this space is headed and to understand perspectives of private sector innovators.

The purpose of the consultations, especially with governments and academics, will be to shed light on the following broad questions:

1)     General trends

  • How do you see the global manufacturing landscape evolve over the next 10-15 years?
  • Which types of technologies are most critical and how would their trends affect the manufacturing sectors?
  • What changes in the global environment do you foresee as having a key impact on manufacturing?

2)     Implications

  • What are the implications of technological change for job creation and job polarization?
  • What does changing openness in terms of international trade, foreign investment, and migration mean for innovation and technology diffusion?
  • How is the geography of manufacturing changing? (For companies: how are you adjusting your global production/investment decisions as a result?)  In light of automation trends, to what extent will manufacturing jobs migrate out of China?

3)     Policies

  • Will the “policy bar” for establishing or maintaining competitiveness in global manufacturing become significantly higher in the future?
  • What alternatives to export-led industrialization (which served East Asia well) would present themselves to today’s poorer economies around the world?

*This event is for EuroCham members only.