The New Economics for Industry, Government, Education, third edition


Book Description

A new edition of a book that details the system of transformation underlying the 14 Points for Management presented in Deming's Out of the Crisis. It would be better if everyone would work together as a system, with the aim for everybody to win. What we need is cooperation and transformation to a new style of management.” —from The New Economics for Industry, Government, Education In this book, W. Edwards Deming details the system of transformation that underlies the 14 Points for Management presented in Out of the Crisis. The Deming System of Profound Knowledge, as it is called, consists of four parts: appreciation for a system, knowledge about variation, theory of knowledge, and psychology. Describing the prevailing management style as a prison, Deming shows applying the System of Profound Knowledge increases productivity, quality, and people's joy in work and joy in learning. Another outcome is short-term and long-term success in the market. Indicative of Deming's philosophy is his advice to abolish performance reviews on the job, to look deeper than spreadsheets for opportunities, and even to rethink how we teach and manage our schools. Moreover, Deming's method enables organizations to make accurate predictions, which is a valuable tool in today's uncertain economic climate. This third edition features a new chapter (written by business consultant and Deming expert Kelly L. Allan) that explains the relevance of Deming's management method, and case studies from organizations that have adopted Deming's System of Profound Knowledge, and offers guidance on how organizations can effectively “do Deming.”




The Practice of Industrial Policy


Book Description

This is an open access title available under the terms of a CC BY-NC-SA 3.0 IGO licence. It is free to read at Oxford Scholarship Online and offered as a free PDF download from OUP and selected open access locations. Much of the information relevant to policy formulation for industrial development is held by the private sector, not by public officials. There is therefore fairly broad agreement in the development literature that some form of structured engagement — often referred to as close or strategic coordination — between the public and private sectors is needed, both to assist in the design of appropriate policies and to provide feedback on their implementation. There is less agreement on how that engagement should be structured, how its objectives should be defined, and how success should be measured. In fact, the academic literature on close coordination provides little practical guidance on how governments interested in developing a framework for government—business engagement should go about doing it. The burden of this lack of guidance falls most heavily on Africa, where — despite 20 years of growth — lack of structural transformation has slowed job creation and the pace of poverty reduction. Increasingly, African governments are seeking to design and implement policies to encourage the more rapid growth of high productivity industries and in the process confronting the need to engage constructively with the private sector. These efforts have met with mixed results. For sustained success in structural transformation, new policies and new approaches to government-business coordination will be needed. In 2014 the Korea International Cooperation Agency and UNU-WIDER launched a joint research project on 'The Practice of Industrial Policy'. The objective of the project was to help African policy-makers develop better coordination between the public and private sectors in order to identify the constraints to faster structural transformation and to design, implement, and monitor policies to remove them. This book, written by national researchers and international experts, presents the results of that research.




Transformation, Co-operation, and Conversion


Book Description

The scientific-technical potential of the Baltic States and their possibilities for co operation with Europe require in-depth, specific analysis. With the deterioration of the structures of science and technology of the former Soviet Union, the severance of communications with former clients, industry and science and technology, the Baltic States - the leaders of the former Soviet Union in this area, faced a difficult new situation. The government budgets of these countries, due to economic decline, are not capable of financing scientific research and project studies, and industry has lost a large part (in some branches this loss reaches even 2/3 or more) of its potential, losing both funds and interest in the sciences. The conversion of industry in the Baltic States is tied with the whole of its restructurisation, which still has not attained more precise directions for a new specialization or connections to the international market. The earlier dominant branches, such as machine production, electro-technology, radio-technology and the electronics industry, require essential modernization, which is possible only through co-operation with other developed countries, especially with the EU and NATO countries. This co-operation could include new mobilized capacities of science and technology. A longer period of stagnation and separation may adversely affect these capacities and lead to their dilution and weakening, due to the "brain drain" of more qualified scientists and specialists to the commercial sector, which does not require high intellectual levels.




China's Industrial Policy Transformation: Theory And Practice


Book Description

The debate on industrial policy has been in full swing among the academic circles in recent years. The crux of this debate is not whether China needs industrial policies, but rather, the kind of industrial policies it wants. Given the profound changes to the domestic and international environments, and institutional background during China's industrial development, industrial policies must be able to make up for 'market failures,' while avoiding 'government failures'. To this end, it is suggested to establish a 'market-friendly' industrial policy system dominated by functional industrial policies, in accordance with the requirements of building an 'interactive and cooperative' government-market relationship to help transform and upgrade China's industries.




The New Economics for Industry, Government, Education


Book Description

The new second edition of W. Edwards Deming's final book includes revisions to THE DEMING SYSTEM OF PROFOUND KNOWLEDGE (tm). This is the knowledge needed for transformation from the present style of management to one of optimization. Dr. Deming writes, "This book is for people who are living under the tyranny of the prevailing style of management." This second edition also includes an appendix, titled "Continuing Purchase of Supplies & Service," which will be helpful to readers who wish to better understand his writings on relationships with suppliers. This important book builds & expands on the foundation of Dr. Deming's lifework as detailed in his classic book, OUT OF THE CRISIS (ISBN 0-911379-01-0, MIT/CAES, $29.50). THE NEW ECONOMICS is heavily cross-referenced to OUT OF THE CRISIS--new followers of the Deming philosophy will find it necessary to read both books. Born with the century, W. Edwards Deming was one of the great American leaders of the postwar era & the voice of quality worldwide. Until his death in December of 1993, Dr. Deming maintained a thriving consulting practice with clients in manufacturing, telecommunications, transportation, healthcare, education, & government. His renowned four-day seminars reached over 10,000 people annually. To order from MIT Center for Advanced Engineering Study (617) 253-7444. FAX: (617) 253-8301.




Global Trends 2040


Book Description

"The ongoing COVID-19 pandemic marks the most significant, singular global disruption since World War II, with health, economic, political, and security implications that will ripple for years to come." -Global Trends 2040 (2021) Global Trends 2040-A More Contested World (2021), released by the US National Intelligence Council, is the latest report in its series of reports starting in 1997 about megatrends and the world's future. This report, strongly influenced by the COVID-19 pandemic, paints a bleak picture of the future and describes a contested, fragmented and turbulent world. It specifically discusses the four main trends that will shape tomorrow's world: - Demographics-by 2040, 1.4 billion people will be added mostly in Africa and South Asia. - Economics-increased government debt and concentrated economic power will escalate problems for the poor and middleclass. - Climate-a hotter world will increase water, food, and health insecurity. - Technology-the emergence of new technologies could both solve and cause problems for human life. Students of trends, policymakers, entrepreneurs, academics, journalists and anyone eager for a glimpse into the next decades, will find this report, with colored graphs, essential reading.




Industrial Development in Mexico


Book Description

This book explores developmental policymaking across the multiple levels of Mexico’s contemporary state, arguing that many of the innovations in industrial policy have been driven at the subnational level. In the three decades since Mexico’s neoliberal turn in its political economy, subnational units of government have taken a lead in industrial transformation, galvanising policy from below. With most literature on new developmentalism focusing on the national level, this book is an important exploration of the differentiated and rewarding results that may be found below the state’s centre. Based on an original dataset of written and oral interviews gained from national and subnational governmental units of industrial policymaking in Mexico, the book shows how attribution and power are diffused across the contemporary state’s multiple levels. Notable subnational projects explored by the book include public-private collaboration, productive investments and an interesting array of incentives targeted towards industrial upgrading and innovation. The book concludes by providing a distinctive and systematic comparison between subnational units from different countries in Latin America and further afield, in order to assess the commonalities of developmental roles and policies. Industrial Development in Mexico will be an important read for scholars across the fields of political science, political economy and Latin American development.




After the Cold War


Book Description

In December 1988, President Gorbachev announced at the United Nations that the Soviet Union would unilaterally cut 500,000 troops from its military forces and begin conversion of its military-industrial complex, which dominates its economy. Since that formal declaration four years ago, the breakup of the East Bloc and the Soviet Union has dramatically changed and improved East-West relations. But the initial optimism at the "end" of the Cold War has now been replaced with the realization that building new economic, political, and military relationships will test the good will, patience, and creativity of both sides. Nowhere are the issues thornier and the potential rewards greater than in defense conversion in Russia. The pervasiveness of their military-industrial complex dwarfs that of the United States: one of five workers is employed by the defense industry; defense enterprises are the sole employers in half their communities; many consumer goods are produced only by defense industries; 80 percent of all research and development was devoted to defense; arms sales in the 1980s mainly to Third World countries were Russia's largest source of hard currency. In short, defense budgets have bankrupted Russia and distorted investment and production for decades. Russia's fledgling free-market economic reforms cannot succeed without the conversion and privatization of much of this military-industrial complex. But to date, there has been little progress, and Russia's conversion programs are long on intent and short on specifics. After the Cold War - Russian-American Defense Conversion for Economic Renewal contains papers presented at the Geonomics Institute fall 1992 seminar on defense conversion and examines some of the questions and policy choices that both countries face in defense conversion and economic restructuring. Where, for example, will a destitute Russian government find the billions of dollars that conversion will require? A smaller, stable military-industrial complex and a vibrant market economy that provides new jobs producing consumer goods is clearly in the interest of the West. How, for example, can Western public and private institutions best assist Russia in creating a legal and business infrastructure conducive to the development of a market economy and foreign investment? In adopting the Bread Loaf Charter, seminar participants proposed a series of recommendations to promote U.S.-Russian cooperation and to accelerate conversion. After the Cold War makes clear that defense conversion in Russia will require strong domestic leadership but also cooperation, technical help, and especially leadership from the United States.