Overview

For centuries, industrialization and factory-based production have been core ingredients in economic growth, development, and innovation. This symbiotic relationship between industrialization and economic prosperity is now changing. ""Megatrends""--trends within the domains of technology, economy, society, and ecology that have a global impact--are changing the ability of the manufacturing sector to serve as the engine of growth, changing traditional ideas of technological progress, and changing growth and development opportunities in both the global South and the global North. Four megatrends are particularly worthy of note: the rise of services, digital automation technologies, globalization of production, and ecological breakdown. In this book, Jostein Hauge provides a novel analysis of how these megatrends are changing industrialization, and charts new pathways for industrial policy and global governance. He also offers a wide-ranging account of the role of technology, globalization, and ecology in shaping the world economy. The Future of the Factory shows that industrialization remains a cornerstone of economic prosperity, but that power asymmetries in the world economy create uneven opportunities for achieving economic growth, development, and industrialization.

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Jostein Hauge is a political economist and an assistant professor at the University of Cambridge, based at the Centre of Development Studies and the Department of Politics and International Studies. He is also a fellow of Magdalene College. His research lies at the intersection of international political economy and development economics. As the middle of six children, Michael Langan quickly carved out his space in the group; he was the storyteller. Out in the real world, he would gravitate to office and administration roles until he quit his job in 2020, deciding to become a full-time voice-over artist and a background artist in film and television productions. When he's not on set, in his home studio, or being forcibly dragged across rugby fields by his dog Oisin, he can be found in his kitchen, setting off the fire alarm on a regular basis with his attempts at cooking and baking. As the middle of six children, Michael Langan quickly carved out his space in the group; he was the storyteller. Out in the real world, he would gravitate to office and administration roles until he quit his job in 2020, deciding to become a full-time voice-over artist and a background artist in film and television productions. When he's not on set, in his home studio, or being forcibly dragged across rugby fields by his dog Oisin, he can be found in his kitchen, setting off the fire alarm on a regular basis with his attempts at cooking and baking.

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