Manufacturing's role in world economy is evolving

Though still key to GDP, making of goods likely won’t drive future job gains

By Michel Baudin

What does manufacturing as a whole look like as a worldwide economic activity? When a company starts up or shuts down a plant, or relocates production from one country to another, it is a data point. It may be a compelling story but it doesn’t tell you the aggregate effect of all manufacturing on a country or on the world.

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