Emeritus Prof Christopher May on Nostr: If as countries get richer they start to expand manufacturing & services, but then ...

If as countries get richer they start to expand manufacturing & services, but then when (even) richer start to see a shift towards an emphasis on services, what does that mean for rich countries that currently still have large manufacturing sectors (like Germany for instance).

A structural account would suggest they will (too) pivot towards services, while those countries (held) in a poorer economic situation will continue to produce any goods we need....

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#trade