Abstract
One of the most visible results of development is the enormous growth of industry. The world manufactures seven times as many goods and produces three times as many minerals today as it did in the 1970s (1). Although industrial production grew rapidly between 1950 and the early 1970s, at 7 per cent annual growth, it has since slowed to about 3 per cent per year. Industry’s contribution to the gross domestic product (GDP) of low-income countries increased from 28 per cent in 1965 to 37 per cent in 1989. In middle-income countries, it grew from 34 per cent in 1965 to 36 per cent in 1989. In industrial market economies, on the other hand, the contribution of industry to GDP decreased from 42 per cent in 1965 to 35 per cent in 1989 (2,3, 4). This can be attributed to the general downturn and stagnation in industrial output in these countries since the early 1980s.
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© 1992 Springer Science+Business Media Dordrecht
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Tolba, M.K. (1992). Industry. In: Saving Our Planet. Springer, Dordrecht. https://doi.org/10.1007/978-94-011-2278-8_12
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DOI: https://doi.org/10.1007/978-94-011-2278-8_12
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