DEMO — development content for layout testing. Not real editorial reporting.
DEMO content for development and layout testing — not real editorial reporting.
Economists call this pattern structural transformation. Productivity gains in farming release workers for manufacturing, which in turn becomes more efficient and frees labour for services.
How it works
Some economies have seen manufacturing’s share of employment peak earlier and at lower levels than historical experience suggests, raising questions about future development paths.
As countries grow richer, the share of work in agriculture falls, industry rises and then services dominate. The path is not uniform.
What to watch
Technology, trade and policy choices all influence how the transition unfolds, and whether it delivers broad-based gains.
Key concepts
- Structural change
- Development