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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: Elroy Jetson who wrote (67653)8/16/2005 3:38:36 PM
From: Moominoid  Read Replies (1) of 74559
 
She didn't post any evidence, true. But the insults don't seem neccessary. Her number seems a bit high but the true number is way way bigger than the 14% you made up. In Sweden manufacturing has essentially stayed a the same percentage share of GDP over a century or more when measured in constant dollar terms. Price of manufactured goods have risen at about half the rate of the general inflation. This is "Baumol's disease". There is an "in press" article in Ecological Economics that presents all the info on that. The point is pretty well known though among economists. A lot of environmentalists talk about the shift to a service based economy as being beneficial for the environment. In fact there is no such shift in output terms. But manufacturing has grown in productivity at a much faster rate than services and the relative price of manufactured goods has fallen.
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