Growth, Trade, and Deindustrialization

  title={Growth, Trade, and Deindustrialization},
  author={Robert Rowthorn and Ramana Ramaswamy},
  journal={IMF Staff Papers},
This paper shows that deindustrialization is explained primarily by developments that are internal to the advanced economies. These include the combined effects on manufacturing employment of a relatively faster growth of productivity in manufacturing, the associated relative price changes, and shifts in the structure of demand between manufactures and services. North-south trade explains less than one-fifth of deindustrialization in the advanced economies. Moreover, the contribution of north… 

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De-Industrialization And Foreign Trade