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Global patterns of production and trade in manufactures have changed tremendously over the past two decades. The growth of world trade has been accompanied by a rapid increase in the number of products, suppliers and buyers involved in international markets. At the same time, the means by which manufacturers compete and collaborate have been changing. The great challenges that these developments pose for policy makers and practitioners provide the basic motive for this comprehensive assessment of the underlying forces and determinants that are reshaping the world's industrial map.

In a balanced and readable account, this book explains how international, domestic, economic and political factors interrelated to shape the world of modern industry in the thirty years before it was originally published in 1987. It conveys some of the richness and diversity in the political and economic landscape of modern industries and provides a real-world background for the theory of economics and business. Drawing on the work of business analysts and industry specialists, as well as of economists and political scientists, it treats the subject in terms of applied economics in an...