Speeding Up, Slowing Down

Joe Atikian

Chapter 4 in Industrial Shift: The Structure of the New World Economy, 2013, pp 28-49 from Palgrave Macmillan

Abstract: Abstract Progress is steady and gradual as the agricultural and services sectors switch ranks. Global manufacturing holds its share steady except during the Soviet collapse. The rate of change in agriculture correlates to changes in wealth, but predicting future trends based on historic data proves questionable. In a complete reversal from past decades, a falling manufacturing share correlates with rising wealth; the cause is rising productivity. Developing countries can benefit from shifting to manufacturing while advanced countries can benefit by shifting to services. A chart of structural shift can be used as an indicator of political stability. Similarities are revealed between the path of mature industrial economies and today’s rising stars. China’s current path bears a remarkable resemblance to that of Sweden’s of a century ago.

Keywords: creative destruction; economic development; economic growth; industrial structure (search for similar items in EconPapers)
Date: 2013
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-34031-3_4

Ordering information: This item can be ordered from
http://www.palgrave.com/9781137340313

DOI: 10.1057/9781137340313_4

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().