Japan refutes the theory that manufacturing declines with economic maturity
Evidence
Even the sectoral shift from manufacturing to services is not universal. Japan, the most successful postwar economy, experienced between 1964 and 1982 a fall in services’ share of GDP volume, from 51.7 to 48.8 per cent, and a rise in manufacturing’s share, from 24.1 to 39.9 per cent. The Japanese case indeed refutes the commonly held theory that the decline of manufacturing relative to services is a consequence of economic ‘maturity’ and rising per capita income. — Alex Callinicos, Against Postmodernism, 466
Categorization
- SEED: Japan’s counterexample is a punchy entry point for an essay on why ‘inevitable’ stages-of-development narratives in postindustrial theory are ideologically motivated rather than empirically grounded.
- XREF: connects to: Japan’s economy defied Western economic predictions about currency, inflation, and unemployment — Samuel P. Huntington, The Clash of Civilizations and the…, 606; Japanese macroeconomics defied standard Western economic laws
Broader Connections
- Japan’s economy defied Western economic predictions about currency, inflation, and unemployment
#expands(0.85) — Samuel P. Huntington, The Clash of Civilizations and the…, 606 - Japanese macroeconomics defied standard Western economic laws
#expands(0.82)