MANUFACTURING AND ECONOMIC DEVELOPMENT IN THE WORLD FOR 2000-2015:MAIN FEATURES AND CHALLENGES
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Abstract
We analyze the evolution of manufacturing and non manufacturing activities in 132
countries for the period 2000-2015, including a summary based on 4 previous studies. For
the period 2000-2010 we find that the average real value-added of manufacturing per
capita in Africa has been very low in both years, from 278 to 282 Dollars at 2005 prices
and PPPs. The average of Asia has increased from 903 in year 2000 to 1443 in year 2010.
The averages of America and the group of Europe and Eurasia have reached values higher
than 3000 both in year 2000 and 2010, with a slight decrease for the period 2000-2010.
We include the estimation of an econometric model to show the positive impact of
manufacturing on non-manufacturing production and on economic development. This
results, as well as other studies, are an strong support to the Kaldor´s perspective on the
important role of industry on economic development. In order to reach the Social
Development Goals (SDGs) of the United Nations, we think that it is important to increase
the presence of this type of studies and economic policies related with World
development in the televisions, newspapers and other social media, in order to foster
international cooperation to the eradication of poverty and increase of quality of life.
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References
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