future of manufacturing
DESCRIPTION
Analysis of Manufacturing in relation with world trade and implications this will have on Capitalism in this ever "flattening world".TRANSCRIPT
Manufacturing the FutureBy Matthew Rose
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-Adam Smith
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Learning Objectives
● Identify the two forces reshaping the global economy
● Identify the emerging technical innovations that's changing manufacturing.
● Explain the shift from a commodity to an intellectual capitalist system
● Understand the relationship manufacturing has on economic growth.
Manufacturing in the Global Economy
● Catalyst for higher-value job creation
● Rises standard of living for the growing middle class in emerging nation economies
● Increased competition between emerging and developed nations
70% of the income variations explained by differences in manufactured product export data alone.
Two Key Factors Reshaping the Global Economy
● Evolving Digital & Robotic Infrastructures
● Economic Liberalization
Manufacturing and FDI follows the path of least resistance
Challenges Facing International Manufacturing
● Swift change from commodity capitalism to intellectual capitalism
Many education systems aren't properly adjusted to this worldly change
"Skills Gap"
● Wage differentiation
● Conflicting political systems
● Currency volatility
● Developed nations at risk losing intellectual competencies
Solutions For The American Economy
?AusterityOver-stimulation of currency
My Solution: Reinvest in America's Infrastructure
http://www.youtube.com/watch?v=-R5iiGUKZ7k
REFERENCES
Video Sources
Vijay Kumar: Robots that fly ... and cooperate● http://www.youtube.com/watch?v=4ErEBkj_3PY
3D-Printed Magic Arms● http://www.youtube.com/watch?v=WoZ2BgPVtA0
A sandstone block built from lego, blending real objects with 3d prints● http://www.youtube.com/watch?v=4Fpe5UrLALE
Creepily realistic robot can hold conversations and answer questions● http://www.youtube.com/watch?v=IhVu2hxm07E
Our Story In 2 Minutes● http://www.youtube.com/watch?v=MrqqD_Tsy4Q
Introducing the Leap● http://www.youtube.com/watch?v=_d6KuiuteIA
Contour Crafting- Automated Construction- Behrokh Khoshnevis at TEDxOjai
● http://www.youtube.com/watch?v=JdbJP8GxqogPhantomX running Phoenix code
● http://www.youtube.com/watch?v=rAeQn5QnyXoRobot chefs taking over China's noodle bars
● http://www.youtube.com/watch?v=ukNkCnNJuR8euronews hi-tech - 3D printing could 'revolutionise manufacturing'
● http://www.youtube.com/watch?v=gzeH2SKHzJE
Journal Articles
3-D Printing: The Future Comes Round Again 11.19 (2011): 5-9. The Seybold Report. Web. 8 Nov. 2012.
Cáceres, Mauro, Ricardo Castillo, and João Rosário. "Digital Manufacturing – Integration and Collaborative Industrial Automation Approach." International Review of Mechanical Engineering 4.3 (2010): 336+. Praise Worthy Prize. Web. 15 Nov. 2012.
"The Future of Manufacturing Opportunities to Drive Economic Growth." World Economic Forum. Deloitte Touche, Apr. 2012. Web. 17 Nov. 2012.
Kefela, Ghirmai T. "Knowledge-based Economy and Society Has Become a Vital Commodity to Countries." International NGO Journal 5.7 (2010): 160-66. Http:// Www.academicjournals.org/INGOJ. 6 July 2010. Web. 13 Nov. 2010.
Kennedy, Paul. "The Rise and Fall of the Great Powers - Economic Change and Military Conflict from 1500 to 2000." Editorial. Fontana Press [London] 1989: n. pag. Web.
Online Publications
Skills Don’t Pay the Bills● http://www.nytimes.com/2012/11/25/magazine/skills-dont-pay-the-bills.html?smid=re-
share&_r=0Future of Manufacturing
● https://www.youtube.com/watch?v=rIdoIKukpnU
THE NEXT TRILLION DOLLAR INDUSTRY: 3D Printing● http://www.businessinsider.com/3d-printing-2011-2?op=1
Prosperity and Lack of Motivation● http://www.jasonstaples.com/blog/2010/prosperity-and-lack-of-motivation-852
Ray Kurzweil: The accelerating power of technology● http://www.youtube.com/watch?feature=player_embedded&v=IfbOyw3CT6A#!
President Obama Discusses Growing the Economy and Reducing the Deficit● http://www.youtube.com/watch?feature=player_embedded&v=zNRH8X650nQ
Marcin Jakubowski - The Open Source Economy – YouTube● http://www.youtube.com/watch?v=MIIzogiUHFY&feature=youtu.be
Jobless recoveries and the disappearance of routine occupations – vox● http://www.voxeu.org/article/jobless-recoveries-and-disappearance-routine-occupations
History of capitalism - Wikipedia, the free encyclopedia● http://en.wikipedia.org/wiki/History_of_capitalism
Foxconn Sees New Source Of Cheap Labor- The United States – Forbes● http://www.forbes.com/sites/ericsavitz/2012/11/08/foxconn-sees-new-source-of-cheap-labor-the-
united-states/Engineering A Singular Future For Humanity - 13.7- Cosmos And Culture – NPR
● http://www.npr.org/blogs/13.7/2012/11/14/165032838/embracing-your-inner-robot-a-singular-vision-of-the-future?ft=1&f=1019
Baumol's cost disease - Wikipedia, the free encyclopedia● http://en.wikipedia.org/wiki/Baumol's_cost_disease
Are We Ready For the Coming 'Age of Abundance-' - Dr. Michio Kaku (Full) – YouTube● http://www.youtube.com/watch?v=ceEog1XS5OI&feature=related
A Flaw in Capitalism● http://www.vargr.com/pages/stories/images/markets.html
Compensating differential● http://en.wikipedia.org/wiki/Compensating_differential
● http://www.bls.gov/news.release/ecopro.nr0.htm● http://www.whitehouse.gov/the-press-office/2012/05/08/fact-sheet-update-bringing-jobs-back-united-
states● http://en.wikipedia.org/wiki/Commodity_fetishism●