17/12/2012: Don't write manufacturing off - part 2

In the previous post I reproduced the summary chart from McKinsey research paper on the future of manufacturing (linked in the post). Here is a more detailed version of the same:

Again, few points worth raising in Ireland's development context: given our openness to trade and limited domestic markets, as well as strong access to global labour markets, we should be prioritizing development that focuses on:

1. Trade intensity (with intensities at around and above 50%)
2. Value intensity (with intensities at around and above 30%)
3. R&D intensity (with intensities at least in double digits)
4. Labor intensity (with intensities at least in double digits)

From the above 4 criteria, equally weighted, our priorities (scores in brackets reflect sum of values across the above 4 criteria), we have:

• Computers and office machinery (155)
• Semiconductors and electronics (132)
• Medical, precision, and optical (123)
• Furniture, jewelry, toys, other (105)
• Other transport equipment (94)
• Textiles, apparel, leather (92)
• Machinery, equipment, appliances (82)
• Chemical (80)
• Motor vehicles and parts (77)
• Electrical Machinery (76)

Interesting view?