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Author/Editor:
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Rowthorn, Bob ; Ramaswamy, Ramana
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Publication Date:
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September 29, 1997
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Summary:
Over the past 25 years, the share of employment accounted for by manufacturing has fallen dramatically in the world's most advanced economies, a phenomenon widely referred to as "deindustrialization." Many see deindustrialization as widening income inequalities and causing a sharp rise in unemployment. This paper argues that, contrary to popular perception, deindustrialization should not be regarded as alarming, but rather as a natural consequence of continued economic growth within advanced economies.
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Series:
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Economic Issues No. 10
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Subject(s):
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Industrialization | Industrial policy
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English
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Publication Date:
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September 29, 1997
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ISBN/ISSN:
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ISBN 1-55775-643-0 ; ISSN 1020-5098
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Format:
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Paper
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Stock No:
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EIIEA0101996
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Pages:
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15
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Price:
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Please address any questions about this title to
publications@imf.org
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