Paper published in Overcoming Indifference – Ten Key Challenges in Today’s Changing World edited by Klaus Schwab, published by New York University Press in 1995
“The world economy is experiencing two structural shifts. The first is a demand-driven shift in the rich (OECD) countries from manufacturing to service. The second is a supply-led shift of manufacturing production from rich countries to middle-income developing countries. These sectoral and geographic shifts reinforce each other, acclerating the loss of manufacturing jobs in the OECD countries.”
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Reproduced from Overcoming Indifference – Ten Key Challenges in Today’s Changing World, with permission from NYU Press (c) 1995