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In a manufacturing laggard such as the United Kingdom, the real value of manufacturing output is currently two and a half times what it was at the end of the Second World War. This expanded output is produced by less than one-tenth of the British workforce, compared with the one-third of employees who worked in manufacturing as recently as 1960.4 None the less, the productivity gains do not mean it is easy for a country like Britain to further expand its manufacturing sector. This is because many machine-based tasks are most efficiently undertaken by the kind of low-skilled, cheap workers that rich countries are short of. And that is precisely where the opportunities lie for emerging nations. Their manufacturing is nothing like as efficient as it is in advanced economies, but nor does it need to be because poor countries can throw highly motivated, cut-price, fresh-off-the-farm labour at the task.
How Asia Works
Joe Studwell
Paris is not a city, nor India a country – they are both experiences, the consumption of which is supposed to widen our horizons, fulfil our human potential, and make us happier.
Sapiens
Yuval Noah Harari
Before the Agricultural Revolution, the human population of the entire planet was smaller than that of today’s Cairo.
Sapiens
Yuval Noah Harari
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