When it Comes to Services vs. Manufacturing, Words Matter
Efforts to revive national manufacturing sectors get a lot of airtime. After all, the sector propelled many East and South East Asian economies—the so-called “East Asia Miracle”—and was a gateway to the middle class for millions of workers. However, for all the obsession with manufacturing, economists for their part seem to be more preoccupied with services. (…)
The results show that contrary to all the fervor around manufacturing and the industrial sector, discussion of services is much more prevalent than other industries in IMF country reports and has been for more than four decades. (…)
For the foreseeable future, it seems services will continue to be a talking point—turns out, that has always been the case.
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Por: Reda Cherif e Fuad Hasanov
Fonte: IMF Blogs, em 16 de Fevereiro de 2021