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: