The study's authors say that China will continue to dominate global manufacturing, moving into higher-value segments.
The study projects global growth through the year 2050 and models changes in the economies of 59 countries accounting for about three quarters of the world’s GDP and population.
Across all low-income countries, manufacturing jobs are projected to hold steady at below 8% of total employment, the study finds.
It projects the share of manufacturing jobs in high-income countries will continue to fall, to 8.3% by 2050 from 11.4% currently.
It said that private service sector jobs will make up roughly 37% of global jobs by 2050, and 26% in today’s low-income countries, up from about 12% currently.
Persons:
CGD, Charles Kenny, Ranil, that’s, Kenny, David Lawder, Simon Cameron, Moore
Organizations:
Center for Global Development, Thomson
Locations:
China, Africa, Southeast Asia, Latin America, Agriculture, Bangladesh, Ethiopia, Asia