Global Research & Local Production

Research should be Global - Results Available to every one and shared by every one.

Knowledge is Universal and have no borders.

Production should be as much local as possible

Why Research should be Global

Local Production

Traditionally, Production was local, importing only goods and raw materials not available locally. Preferance is for local production.

Why Production became global

Global Production

Globalisation is a process by which countries of the world benefit in several ways. Three main benefits or advantages derived from globalisation are in countries being able to procure the best and most efficient technologies for their production processes, being able to develop markets for their products and services across the globe and outsourcing jobs to countries where costs are low and the manpower cheaper than in their own country. Leveraging on expertise and economic advantages, countries that have globalised are today economically ahead of those that have not opened up their economy. A well planned production function will lead to good quality products, higher rate of production and lower cost

According to data published by the United Nations Statistics Division, China accounted for 28 percent of global manufacturing output in 2018.

One of the main advantages of opening a production facility in another country is the reduction in manufacturing costs. Labor is often one of the biggest manufacturing costs for rich countries. Rich countries can invest in less developed countries. If volume is large, it will justify developing and using advanced technologies and automation.

Issues in Global Production

Outsourcing is a controversial issue.

Some of the discussion points during APEC lunch time gossip