Worldwide Decline in Manufacturing as Share of GDP

From Mark Perry.

And yet, just like the U.S., the world isn’t producing less, nor is it getting poorer. I’m sure there’s a lesson for pundits and policymakers there, if only someone could figure it out for them.

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About J@m3z Aitch

J@m3z Aitch is a two-bit college professor who'd rather be canoeing.
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2 Responses to Worldwide Decline in Manufacturing as Share of GDP

  1. Scott Hanley says:

    Yes. If we can repair our manufacturing sector, we can rule the world!

  2. James K says:

    It makes me wonder what the media would have said in England during the Industrial Revolution, if modern statistics and punditry had existed back then.

    Agricultural production falling, can mass unemployment be far behind?

    Forget this pipe dream of an “industrial economy”, agriculture has always been the backbone of this nation, and it always will be!

    Remember when this country used to grow things? Now all we do is sit in work houses and put things together. France will be eating our lunch within a decade!

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