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Interindustry Development — Manufacturing, Services and Agriculture

In: Economic Development in the Context of China

Author

Listed:
  • Clement Tisdell

    (The University of Queensland)

Abstract

The relative contributions of sectors of an economy (agriculture, industry including manufacturing, and service industries) to the employment of the workforce and to aggregate economic production vary as economic development proceeds. Whereas the relative economic contribution of agriculture tends to decline with economic development, that of the service sector tends to grow. As for industry, especially manufacturing industry, its relative contribution to total economic activity tends at first to rise with economic development and then to decline somewhat as tertiary industry continues to expand. Nevertheless, in more developed countries the size of manufacturing sector typically remains far in excess of that of agriculture. This has been the basic pattern of sectoral development of countries which have shown significant economic development in the last 300 years or so, and one might expect the economic development of China to follow a similar pattern.

Suggested Citation

  • Clement Tisdell, 1993. "Interindustry Development — Manufacturing, Services and Agriculture," Palgrave Macmillan Books, in: Economic Development in the Context of China, chapter 8, pages 117-134, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-38018-9_8
    DOI: 10.1057/9780230380189_8
    as

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