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Emergence of Manufacturing Related Services and Collaboration between Korea and China Manufacturing Innovation Perspectives

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Abstract

The emergence of manufacturing related services (MRS) coincides with the revaluation of manufacturing. We observed that manufacturing-focused countries overcame the financial crisis which broke out in 2007 with less difficulty than their service-focused counterparts. Manufacturing played a crucial role in navigating the economic problems such as unemployment, polarization and stagnant growth and so on. Moreover, this pattern of positive impacts from the manufacturing sector was observed from European countries trying to boost their economy. Germany, a manufacturing-driven economy, showed continuous economic growth, while service-driven economies in Greece and Austria experienced recession. This work reevaluates the importance of manufacturing.

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  • Lee, Sang Hyun, 2023. "Emergence of Manufacturing Related Services and Collaboration between Korea and China Manufacturing Innovation Perspectives," Industrial Economic Review 19-24, Korea Institute for Industrial Economics and Trade.
    • Handle: RePEc:ris:kieter:2019_024
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    File URL: https://www.kiet.re.kr/en/pub/ecoreviewDetailView?detail_no=851&year=2019&month=&sval=
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    More about this item

    Keywords

    manufacturing; service; MRS;
    All these keywords.

    JEL classification:

    • L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General
    • L80 - Industrial Organization - - Industry Studies: Services - - - General
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

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