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The Factory-Free Economy
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The Factory-Free Economy: Outsourcing, Servitization, and the Future of Industry

Lionel Fontagné and Ann Harrison

Abstract

In the United States, Europe, and Japan, the share of manufacturing employment has steadily declined, a process reinforced by offshoring and the international fragmentation of value chains. Are we heading towards a factory-free economy where products are manufactured in emerging markets?. Comparative advantage of emerging economies has shifted towards more advanced goods and their growing populations command an increasing share in global demand. This shift towards a factory-free economy in high-income countries has drawn the attention of policy makers in North America and Europe. Some politici ... More

Keywords: Structural change, de-industrialization, servitization, factoryless goods producers, offshoring, fragmentation, wages, China

Bibliographic Information

Print publication date: 2017 Print ISBN-13: 9780198779162
Published to Oxford Scholarship Online: April 2017 DOI:10.1093/acprof:oso/9780198779162.001.0001

Authors

Affiliations are at time of print publication.

Lionel Fontagné, editor
Professor of Economics, Paris School of Economics, Université Paris I Panthéon Sorbonne

Ann Harrison, editor
The William H. Wurster Professor of Multinational Management and Professor of Business Economics and Public Policy, The Wharton School, University of Pennsylvania

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