 Interindustry Development — Manufacturing, Services and AgricultureChapter 8 in Economic Development in the Context of China, 1993, pp 117-134 from Palgrave Macmillan Abstract: Abstract The relative contributions of sectors of an economy (agriculture, industry including manufacturing, and service industries) to the employment of the workforce and to aggregate economic production vary as economic development proceeds. Whereas the relative economic contribution of agriculture tends to decline with economic development, that of the service sector tends to grow. As for industry, especially manufacturing industry, its relative contribution to total economic activity tends at first to rise with economic development and then to decline somewhat as tertiary industry continues to expand. Nevertheless, in more developed countries the size of manufacturing sector typically remains far in excess of that of agriculture. This has been the basic pattern of sectoral development of countries which have shown significant economic development in the last 300 years or so, and one might expect the economic development of China to follow a similar pattern. Keywords: Service Sector; Agricultural Output; Allocative Efficiency; Agricultural Labour; Balance Development (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-38018-9_8 Ordering information: This item can be ordered from Access Statistics for this chapter More chapters in Palgrave Macmillan Books from Palgrave Macmillan |
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