Friday, June 3, 2016


''..A country’s long-term economic development depends on how well it is able to adapt its economic structure to the market environment. However, countries differ considerably with regard to their economic structure and the effects of structural change:
''While the service sector has gained in importance in almost all advanced economies over the past 20 years (and before), the service sector share differs considerably between countries. The same applies to the relative size of the manufacturing sector.
 In some countries, such as Germany, for example, the sectoral economic structure has hardly changed while in other countries, such as the UK, Luxembourg and Ireland, there have been major shifts.
 As opposed to the period from 1995 to the global financial crisis of 2008/2009, the speed of sectoral change has noticeably decreased across the board since 2010''

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