Jobs and Development
Governments of late industrializing countries face a serious problem. Manufacturing jobs matter - all countries that are rich today have enjoyed high manufacturing employment shares in the past. However, new technologies permit countries to sustain manufacturing output levels with fewer and fewer manufacturing jobs. Increased global competition is also causing manufacturing employment to go into decline at lower levels of per capita income than in the past. Policy makers must therefore pursue realistic manufacturing employment goals and must balance attention to manufacturing with a focus on developing other sectors of their economies.