Competition in a period of rapid technological change is the subject of this report. The steel mill industry is of considerable interest to less developed countries and was chosen to investigate whether organizational and technological innovations are of any relevance. The answer is a resounding yes. Organizational changes, automation, and use of new materials to change the production process and to transform the product itself were found to be of tremendous importance. The changes quite overwhelm simple differences in factor cost.
Details
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Author
Mody, Ashoka Sanders, Jerry Suri, Rajan Thompson
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Document Date
1991/12/31
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Document Type
Departmental Working Paper
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Report Number
7657
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Volume No
1
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Total Volume(s)
1
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Country
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Region
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Disclosure Date
2010/07/01
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Disclosure Status
Disclosed
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Doc Name
International trends in steel mini-mills : keeping pace with technological change
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Keywords
Steel;newly industrializing economy;cost of production;delegation of authority;integrated steel mill;bill of lading;electronic data interchange;share of wage;competitively priced products;Electronic Fund Transfer;scale production;scale of production;annual production capacity;delegation of responsibility;human resource strategy;safe working environment;rapid technological change;high energy loss;energy saving technologies;energy saving technology;number of workers;economies of scale;output and costs;cost of electricity;share of labor;total energy consumption;interest rate change;steel production;production cost;
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Citation
Mody, Ashoka Sanders, Jerry Suri, Rajan Thompson
International trends in steel mini-mills : keeping pace with technological change (English). Industry and Energy Department working paper. Industry series paper,no. 52 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/699321468764421509/International-trends-in-steel-mini-mills-keeping-pace-with-technological-change