IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-1-137-34031-3_8.html
   My bibliography  Save this book chapter

Farms and Factories

In: Industrial Shift: The Structure of the New World Economy

Author

Listed:
  • Joe Atikian

Abstract

Productivity improvement through technological change is the key cause of industrial shifts. Farms have continually improved labor efficiency, leaving surplus labor to shift to manufacturing. Innovative factory products cycle back to the farm in an ongoing cycle. Cause and effect are permanently intertwined. Agriculture has nearly vanished as a share of GDP, but its output always grows. Manufacturing has a moderate and stable share of GDP, but is unevenly distributed around the world. Shifts from farm to factory to office are blamed for job losses. Trade with China is also blamed. These are only partly correct. China regained its most favored nation trade status and is now in an industrial revolution. It has added to global industrial output instead of absorbing it from the West.

Suggested Citation

  • Joe Atikian, 2013. "Farms and Factories," Palgrave Macmillan Books, in: Industrial Shift: The Structure of the New World Economy, chapter 8, pages 90-104, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-34031-3_8
    DOI: 10.1057/9781137340313_8
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-1-137-34031-3_8. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.