Introduction
“Manufacturing industry refers to those industries which involves in the manufacturing and processing items and indulge in either creation of new commodities or in the value addition. The manufacturing industry accounts for a significant share of the industrial sector in developed countries. The final product can either serve as finished good for sale to customer or as intermediate goods used in the production process” (Economicwatch, 2010). In short, manufacturing industry is a diverse sector in which one can wide range of industries from technology to various creative activities. In 2009, around on in ten i.e. 9.8% of enterprises in the EU-27’s non-financial business economy were classified as manufacturing sector. With 31 million euro people employed and generating around 5.812 billion euro turnover and 1,400 billion euro value added (Anonymous, 2009)
According to Jose Manuel Barroso, the preface of “Europe 2020’s” states: “It’s about more jobs and better lives. It shows how Europe has the capacity the capacity to deliver smart, substantial and inclusive growth, to find the path to create new jobs and to offer a sense of direction to our societies” (Barroso, 2009).
Employee Relation in Manufacturing Sector:
“The employment relationship is an exchange relationship: the exchange of work for payment. It is often known as the work-wage bargain” (Willey, 2003). The employment relationship in manufacturing sector is unsatisfactory, exploitive, and unfinished and the employer tries to lower the employee by making him or her work for longer hours with minimum wages. According to Fox’s model of employee relation in organisation, the relation between the management (employer) and the workers is marked by “continuous ...
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Since the 1960s, there has been a large shift from the other two industry sectors to the Tertiary Sector in the UK. The other two industry sectors Primary and secondary sectors have either moved abroad where it is cheaper for goods to be manufactured or completely shut down because of consumer trends.
I have selected to review the article by Helmuth Ludwig and Eric Spiegel “America’s Real Manufacturing Advantage”. The manufacturing sectors in United States has rebounded since 2007 by boosting outputs, increasing exports, building new plants, and creating better paying jobs that require precise skills. The mentally of United States primarily generating revenues through services and finance, without much of manufacturing industry is changing through sustainable manufacturing resurgence which is based on software technology and its profound effect on the entire manufacturing
In many ways, the automotive industry has huge impacts on Canada. The impact it has creates jobs, and services. It also boosts economy and contributes to its success. Over the last two decades, the automotive industry has been a leading contributor to Canada’s economy and is a primary factor as to whether or not the economy will be successful. There are many contributing branches of the sector that allow it to be successful. This is shown through the production and manufacturing of vehicles, as well as the sale of the vehicles. The automotive industry has had a significant impact on Canada’s economy over the last 10 years. If the production and sale of domestic vehicles were to decline, Canada’s economy to be severely crippled and fall back into a recession.
The article, “U.S. Economy slows down; Europe is on the Upswing,” shows that Europe will catch up to the United States in no time. According to The New York Times, the unemployment rate for European Union drop from ten percent to 8.7 percent in less than ten years; that is a growth of 2.3 percent. European markets have become more open and competitive and European companies have follow many Americans practices to help deliver better performance. European governments are lowering taxes, at least modestly. Wage increases have slowed to a edge and labor markets have become more flexible, as companies evade traditional job protection rules by hiring part-time and temporary workers.
France engages in quite a few secondary economic activities such as manufacturing, machinery and transport equipment production, aircraft production, and pharmaceutical items. This part of the economy makes up about 26% of France’s gross domestic product and 25% of its labor force (“CIA 2001”, 1). Manufacturing plays the largest role out of all of the secondary economic activities with a contribution of 16% to the gross domestic product. Behind it are the construction and energy generation companies which account for 4% and 3% of the gross domestic product (“Economic Structure”, 1).
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Europe will not run the 21st century because of a combination of economic, institutional, and cultural factors. However, for the purpose of this paper, I will focus on the economic aspects of European society that will impede EU ascendency. I do not believe that the EU will cease to exist in the coming century, but I do believe it will become obsolete because it will be unable to make the necessary changes to their demographic problems, defense policies, and economic culture in response to the increasing American ascendency. Europe has long been known as the continent home to the great powers of the world. From Caesar to Napoleon to the British Empire, the European empires have continuously been at the helm of the ship of progress. The wars of the 20th century however, left Europe in a wake of destruction and chaos period before. The continent was devastated and had little hope to recover. In this new era of European descent, the great American Era came into existence. The US, one of the remaining superpowers, became the helping hand that Europe needed. With the aid allocated by the Marshall Plan and the creation of programs and institutions, Europe had a future. The creation of the European Union (EU) united the European countries over the common goal of preventing war another war. The United States intended for these programs to be a stepping-stone to build the economic and institutional powers of Europe, because a stronger Europe was good for the US. However, instead of using these as a springboard to create self-reliant union, the EU remains reliant on US military and hard power to support them their social efforts.
be the increase in jobs. Creation of new jobs will take place in the manufacturing
Now that the United States has changed from an industrial based economy to a more service oriented economy, it means that our economic revenues are now primarily comprised by the prevalence of intangible assets, provided by services and technology for example, and less by tangible assets by means of physical labor in factories and other manufacturing industries. Because of this change, industrial production and output have been experiencing a major falloff as jobs in factories, farms, and mines that were once plentiful, are being eliminated, while jobs in the growing services sector, such as in technologies, telecommunications, and entertainment are experiencing a massive growth.
Scale Economies: the industry contains several very large players and multiple medium to small players
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The development of the American Auto Industry took place over many, many years, starting with Mr. Henry Ford building the first car in 1896. The industry has evolved, to what it is today and represents approximately 10% of the country’s Gross Domestic Product (GDP). According to the Bureau of Labour and Statistics, ‘the automotive industry includes industries associated with the production, wholesaling, retailing & maintenance of motor vehicles’. These industries are industries that have a tremendous impact on the U.S economy and can be directly impacted by changes in U.S. production and sales of motor vehicles.
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