Industrial Insight

We need to be above average to prosper… | September 19, 2011

http://mjperry.blogspot.com/2011/04/decline-of-manufacturing-is-global.html

CARPE DIEM

Professor Mark J. Perry’s Blog for Economics and Finance

Friday, April 29, 2011

As a share of GDP, manufacturing has declined in most countries since the 1970s. A few examples: Australia’s manufacturing/GDP ratio went from 21.3% in 1970 to 9% in 2009, Brazil’s ratio went from 24.6% to 13.3%, Canada’s from 21.7% to 11.3%, Germany’s from 35% to 19%, and Japan’s from 35% to 20%


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I'm the executive vice president for a steel casting trade association, the Steel Founders' Society of America. I've got a crazy wife, five crazy children, three crazy people that married into the family, and two crazy fun little grandsons.

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