Manufacturing still matters for developing countries

Marc Lautier

Structural Change and Economic Dynamics, 2024, vol. 70, issue C, 168-177

Abstract: The “rise of the Rest” and almost all successes in economic development have relied on late industrialization. However, the consensus that manufacturing was the strategic road for development has recently been challenged. This paper addresses the issue of the status of manufacturing for economic development in the current period. To clarify whether the importance of manufacturing in developing countries has declined or not in the 21st Century, we constructed an original and extensive database on the world manufacturing production, that provides information about value added and employment for 200 countries, of which 160 Developing countries, for the 1970–2018 period.

Keywords: Development policies; Manufacturing; Industrialization; Structural change (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:streco:v:70:y:2024:i:c:p:168-177

DOI: 10.1016/j.strueco.2024.02.002

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