Manufacturing and economic development in the world for 2000-2015: Main features and challenges

GUISAN, Maria-Carmen ^[1]
1. [1] Universidade de Santiago de Compostela
  
  Universidade de Santiago de Compostela
  
  Santiago de Compostela, España
Localización: Revista galega de economía: Publicación Interdisciplinar da Facultade de Ciencias Económicas e Empresariais, ISSN-e 2255-5951, ISSN 1132-2799, Vol. 26, Nº. 3, 2017, págs. 73-98
Idioma: inglés
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Resumen
- We analyze the evolution of manufacturing and non manufacturing activities in 132 countries for the period 2000-2015, including a summary based on 4 previous studies. For the period 2000-2010 we find that the average of real value-added of manufacturing per capita in Africa has been very low in both years, from 278 to 282 Dollars at 2005 prices and PPPs. The average of Asia has increased from 903 in year 2000 to 1443 in year 2010. The averages of America and the group of Europe and Eurasia have reached values higher than 3000 both in year 2000 and 2010, with a slight decrease for the period 2000-2010. We include the estimation of an econometric model to show the positive impact of manufacturing on non-manufacturing production and on economic development. The results, as well as other studies, are a strong support to the Kaldor´s perspective on the important role of industry on economic development. In order to reach the Social Development Goals (SDGs) of the United Nations, we think that it is important to increase the presence of this type of studies and economic policies related with World development in the televisions, newspapers and other social media, in order to foster international cooperation to the eradication of poverty and increase of quality of life.