Páginas

Friday, October 15, 2010

Services or Manufacturing. Which sector is the main driver of growth?

Bhagwati challenges the manufacturing fallacy. In addition, this article argues that the services sector played a major role in the revival of Indian manufacturing. (HT Escolhas e Conseqüências).
I am convinced that Colin Clark's division of the economy in three sectors is not that useful anymore. For instance, how much of a US$200 Nike shoe was produced in the services sector?

No comments:

Post a Comment