Doug Henwood Talks

On Oct 7, 2006, at 11:36 AM, Doug Henwood wrote:

Here’s the manufacturing share of value added for some interesting
countries (from the World Bank, most recent year available, mostly
2003-4):

Chile 17.62 Iran, Islamic Rep. 10.38 Korea, Rep. 28.74 Low & middle income 17.04 South Africa 19.05 United States 14.93

Should have included these:

Saudi Arabia 10.12 Venezuela 18.09

And I should have said this is value added in manufacturing as a
percent of GDP.

So, by this measure, Iran more closely resembles the reactionary
theocracy of Saudi Arabia than the low/middle income “developing”
countries.

I know that some oil exporters have tried industrialization with not
so good results, but somebody’s got to get it right someday, or
they’ll be lost in economic backwardness forever.

Doug

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