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The Future of the Factory: How Megatrends are Changing Industrialization

30 January 2024, 5:30 pm–7:00 pm

Future of the Factory

UCL IIPP in conversation with Dr Jostein Hauge, Assistant Professor in Development Studies, University of Cambridge. A discussion on his book 'The Future of the Factory: How Megatrends are Changing Industrialization'.

This event is free.

Event Information

Open to

All

Availability

Yes

Cost

Free

Organiser

IIPP Comms

Watch the video here

This fascinating discussion was held on Tuesday 30th January 2024 at 17:30-19:00 (GMT) UK Time at University College London (UCL) in person and online on Zoom.

About this talk:

For centuries, industrialization and factory-based production have been core ingredients in economic growth, development, and innovation. This symbiotic relationship between industrialization and economic prosperity is now changing. 'Megatrends' - trends within the domains of technology, economy, society, and ecology that have a global impact - are changing the ability of the manufacturing sector to serve as the engine of growth, changing traditional ideas of technological progress, and changing growth and development opportunities in both the global South and the global North.

Four megatrends are particularly worthy of note: the rise of services, digital automation technologies, globalization of production, and ecological breakdown. In this book, Jostein Hauge provides a novel analysis of how these megatrends are changing industrialization, and charts new pathways for industrial policy and global governance. He also offers a wide-ranging account of the role of technology, globalization, and ecology in shaping the world economy. The Future of the Factory shows that industrialization remains a cornerstone of economic prosperity, but that power asymmetries in the world economy create uneven opportunities for achieving economic growth, development, and industrialization.

Meet the panel:

  • SpeakerDr Jostein Hauge | Assistant Professor in Development Studies, Department of Politics and International Studies
    University of Cambridge | Fellow, Magdalene College
  • Discussant: Dr Lorenza Monaco | Research Fellow in the Economics of Innovation and Industrial Policy at the UCL Institute for Innovation and Public Purpose (IIPP)
  • DiscussantDr Pritish Behuria | Senior Lecturer/Associate Professor at the Global Development Institute at the University of Manchester
  • Chair: Dr Cecilia Rikap | Head of Research and Associate Professor in Economics at the UCL Institute for Innovation and Public Purpose (IIPP)

Read more about IIPP Conversations 2023-24

About the Speakers

Dr Jostein Hauge

Assistant Professor in Development Studies at University of Cambridge

Jostein Hauge
Dr Jostein Hauge is a political economist and Assistant Professor in Development Studies at the University of Cambridge, based at the Centre of Development Studies and the Department of Politics and International Studies. He is also a Fellow of Magdalene College. His research lies at the intersection of international political economy and development economics, with a particular focus on global and national industrialization processes. He is the author of The Future of the Factory: How Megatrends are Changing Industrialization, published by Oxford University Press. The book investigates how industrialization pathways are shaped by recent technological developments, new forces of globalization, and the threat of ecological collapse. It also charts new pathways for industrial policy and global governance.

Jostein’s recent research has been published in various academic journals, including African Affairs, Development Policy Review, Geoforum, New Political Economy, Third World Quarterly, and World Economy. In addition to his academic research, Jostein advises on policy issues for governments and international organisations, and has co-authored reports and articles for the UN Economic Commission for Africa, the UN Industrial Development Organisation, the World Economic Forum, and the UK Department for Business, Energy, and Industrial Strategy. His work has also appeared in various media outlets, such as The Guardian, The Economist, The Conversation and International Politics and Society.

Prior to his post at the University of Cambridge, Jostein was an LSE Fellow in International Political Economy at the London School of Economics and Political Science. He has also worked as a Research Associate at the Centre for Science, Technology and Innovation Policy at the University of Cambridge. He holds a PhD from the Department of Politics and International Studies at the University of Cambridge, where he was supervised by Ha-Joon Chang. He obtained his Master’s degree in Development Economics from the University of London's School of Oriental and African Studies, and his Bachelor’s degree in Economics from the Norwegian University of Science and Technology.

More about Dr Jostein Hauge

Dr Cecilia Rikap

Head of Research and Associate Professor in Economics at UCL Institute for Innovation and Public Purpose

Cecilia Rikap
Cecilia Rikap (PhD in economics from the Universidad de Buenos Aires) is associate professor in Economics and Head of Research at IIPP- UCL. Until joining UCL, she was a permanent Senior Lecturer in International Political Economy (IPE) at City, University of London and programme director of the BSc in IPE at the same university. She is a tenure researcher of the CONICET, Argentina’s national research council, and associate researcher at COSTECH lab, Université de Technologie de Compiègne.

Cecilia’s research is rooted in the international political economy of science and technology and the economics of innovation. She currently studies the rising concentration of intangible assets leading to the emergence of intellectual monopolies, among others from digital and pharma industries, the distribution of intellectual (including data) rents, resulting geopolitical tensions and the effects of knowledge assetization on the knowledge commons and development. She has published two books on these topics. 1) “Capitalism, Power and Innovation: Intellectual Monopoly Capitalism uncovered” (Routledge), recently won the EAEPE Joan Robinson Prize Competition. 2) “The Digital Innovation Race: Conceptualizing the Emerging New World Order” (Palgrave), co-authored with B.A.K. Lundvall, focuses on the artificial intelligence race and clashes of power between the US and Chinese Big Tech, the US state and the Chinese states. Her recent work includes corporate planning of global production and innovation systems driven by intellectual monopolization and how these leading corporations, in particular tech giants, are developing state-like features, thus reshaping core and peripheral states. More about Dr Cecilia Rikap

Dr Lorenza Monaco

Research Fellow in the Economics of Innovation and Industrial Policy at UCL Institute for Innovation and Public Purpose

Lorenza Monaco
Lorenza Monaco (BA, MA ‘L’Orientale’; PhD SOAS, University of London) is a Research Fellow in the Economics of Innovation and Industrial Policy. She is also a Senior Research Associate at the South African Research Chair in Industrial Development (University of Johannesburg), a Fellow of the Italian CiMet (National University Centre for Applied Economic Studies) and member of the Steering Committee of the International Research Network on the Automobile Industry (GERPISA). She is the coordinator of the GERPISA Working Group on “The Global Auto Industry: Value Chains, Emerging Players and the Global South” and co-coordinator of the Working Group on the “Political Economy of Industrial Development” for the International Initiative for Promoting Political Economy (IIPPE). She has been on the UNIDO Roster of Experts since July 2021.

Before joining IIPP, Lorenza was a Teaching Fellow at SOAS, University of London, where she taught Political Economy of Development (UG and PG, 2012-2016). In 2016, she moved to the University of Johannesburg, where she was a Post Doctoral Research Fellow (SarchI Industrial Development) and then a Senior Lecturer, teaching and convening modules on “Industrial Policy Instruments, Design & Implementation” and “Research Methodology” for the Mphil in Industrial Policy (School of Economics, UJ). While in South Africa, she also worked as a Senior Researcher for the UJ/DTI Industrial Development Think Tank (2017-2019). Between 2020 and 2022 she was a Researcher for the International Research Network on the Automobile Industry (GERPISA), based at the Ecole Normale Superieure Paris Saclay. Outside of academia, Lorenza worked as a research consultant and lead researcher for IndustriALL Global Union, the Friedrich Ebert Stiftung (FES South Africa, and Trade Union Competence Centre, TUCC) and the Japan International Cooperation Agency (JICA). More about Dr Lorenza Monaco

Dr Pritish Behuria

Senior Lecturer/Associate Professor at Global Development Institute at the University of Manchester

Pritish Behuria
Pritish Behuria's research operates at the intersection of development studies, comparative politics and international political economy. He is a political economist, taking an interdisciplinary approach to studying the challenges associated with late development under 21st Century Globalisation. He completed his PhD in Development Studies at SOAS, University of Lonon (2015). At SOAS, he worked as a Senior Teaching Fellow in the Department of Development Studies and the Centre for International Studies and Diplomacy. He then worked as an LSE Fellow in The Department of International Development at The London School of Economics and Political Science between 2015 and 2017. In 2017, he won the Hallsworth Research Fellowship and started work at The University of Manchester's Global Development Institute. In 2020, he was appointed as Lecturer in Politics, Governance and Development and was promoted to Senior Lecturer in 2022. He has held honorary positions as a Research Associate at the University of Oxford's Blavatnik School of Public Policy's Global Economic Governance Programme and the University of Manchester's Effective States and Inclusive Development Reserach Centre. He has also worked as a consultant for the World Bank, International Finance Corporation, Commonwealth Secretariat, United Nations Development Programme and the UK's Department for International Development among others. His research has contributed to work in The Economist, The East African, The Wall Street Journal, Deutsche Welle, Radio France International, Le Monde, The Independent (Uganda),  The New Times (Rwanda), Africaisacountry and other online media. More about Dr Pritish Behuria