Man Without Qualities

Sunday, October 02, 2005

Manufacturing: US Growth Industry

In case you needed a reminder on the topic, this is one is from the Economist:

The decline of manufacturing in rich countries is a more complex story than the piles of Chinese-made goods in shops suggest. Manufacturing output continues to expand in most developed countries—in America, by almost 4% a year on average since 1991. Despite the rise in Chinese exports, America is still the world's biggest manufacturer, producing about twice as much, measured by value, as China.

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