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The Global Decline of Manufacturing

Infographics

Emerging and advanced economies alike are experiencing a decline of their manufacturing sectors, which are becoming less and less important for national incomes. In the 1980s, industrial production made up a quarter or more of national GDPs around the world, but …

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Manufacturing in decline

Manufacturing in decline

For the economic growth and development, the economists revealed that the manufacturing has been considered as the main engine. They have said that productivity is higher in the manufacturing sector than in the agricultural sector. Manufacturing is also assumed to …

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