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declining share of manufacturing employment in the United States, and second that recent productivity growth in manufacturing … manufacturing in the United States and other industrial economies. It also shows that since 2010, however, the relationship has been … reversed and slower productivity growth in manufacturing has been associated with more robust performance in manufacturing …
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The East Asian miracle was real. Prior to the 1997 economic and currency crises, Asian NICs - Hong Kong, Korea, Singapore and Taiwan - achieved remarkable annual GDP growth. In these countries the overall economic performance was significantly determined by the industrial development triggered...
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