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Tim Minshall, "How Things Are Made: A Journey Through the Hidden World of Manufacturing" (Ecco, 2025)

New Books in Economics

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The Future of Manufacturing: Labor, Technology, and Competition

This chapter examines the evolution of manufacturing, focusing on technological advancements such as AI and robotics, and the implications for the workforce as skilled workers retire. It highlights China's manufacturing landscape, discussing labor costs, international competition, and the rise of electric vehicles in the global market. The chapter stresses the importance of strategic planning in education and industrial policy to foster a skilled workforce for sustainable technological transitions.

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