Posted 10/30/2023, 4:56:56 AM
Study: African Countries Unlikely to Follow East Asian Manufacturing Growth Model, Face Declining Share of Manufacturing Jobs
- African countries less likely to follow East Asia's manufacturing growth model, study shows
- Share of manufacturing jobs projected to stagnate and decline in most countries by 2050
- China may further expand its share of global manufacturing output to 43.8% by 2050
- Many countries will transition from agriculture directly to services, bypassing manufacturing
- Service sector jobs projected to make up over 1/4 of jobs in low-income countries by 2050, up from 12% now