Countries by Manufacturing Output Using The Most Recent Known Data

Manufacturing activities are subject to various regulations globally to offset environmental and social costs. Developed countries have labor laws and environmental regulations to protect workers and the environment, which developing nations may lack. As a result, many manufacturers have relocated operations to developing nations where costs are lower. However, surveys show that while US manufacturing performs well compared to other domestic sectors, it underperforms relative to manufacturing in other high-wage nations due to the loss of over 3 million manufacturing jobs between 2000-2007. Many organizations and leaders advocate for increasing the global and domestic manufacturing sector to reduce reliance on other industries like financial services.

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Countries by Manufacturing Output Using The Most Recent Known Data

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Gokul Krish

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Manufacturing - Wikipedia https://en.wikipedia.

org/wiki/Manufacturing

The negative costs of manufacturing can also be addressed legally.

Developed countries regulate manufacturing activity with labor laws and
environmental laws. Across the globe, manufacturers can be subject to
regulations and pollution taxes to offset the environmental costs of
manufacturing activities. Labor unions and craft guilds have played a
historic role in the negotiation of worker rights and wages. Environment
laws and labor protections that are available in developed nations may not
be available in the third world. Tort law and product liability impose
additional costs on manufacturing. These are significant dynamics in the
A modern automobile assembly line
ongoing process, occurring over the last few decades, of manufacture-based
industries relocating operations to "developing-world" economies where
the costs of production are significantly lower than in "developed-world" economies.

Manufacturing and investment

Surveys and analyses of trends and issues in manufacturing and investment
around the world focus on such things as:

The nature and sources of the considerable variations that occur

cross-nationally in levels of manufacturing and wider industrial-
economic growth;
Competitiveness; and
Attractiveness to foreign direct investors.
In addition to general overviews, researchers have examined the features Capacity utilization in manufacturing
in the FRG and in the USA
and factors affecting particular key aspects of manufacturing development.
They have compared production and investment in a range of Western and
non-Western countries and presented case studies of growth and performance in important individual industries and
market-economic sectors.[1][2]

On June 26, 2009, Jeff Immelt, the CEO of General Electric, called for the United States to increase its manufacturing
base employment to 20% of the workforce, commenting that the U.S. has outsourced too much in some areas and can
no longer rely on the financial sector and consumer spending to drive demand.[3] Further, while U.S. manufacturing
performs well compared to the rest of the U.S. economy, research shows that it performs poorly compared to
manufacturing in other high-wage countries.[4] A total of 3.2 million – one in six U.S. manufacturing jobs – have
disappeared between 2000 and 2007.[5] In the UK, EEF the manufacturers organisation has led calls for the UK
economy to be rebalanced to rely less on financial services and has actively promoted the manufacturing agenda.