Do you agree with the motion?

Representing the sides
Ha-Joon  Chang
Defending the motion
Ha-Joon Chang
Faculty of Economics, University of Cambridge
Jagdish Bhagwati claims that it is growth that is driving the expansion of manufacturing. But where does this higher income come from? It has ultimately to come from productivity growth, which is faster in manufacturing, so a weaker manufacturing base means slower growth.

Jagdish Bhagwati
Against the motion
Jagdish Bhagwati
Professor of Economics and Law, Columbia University
Ha-Joon Chang seems to be unaware of the conceptual problems that make comparisons, across countries and indeed over time, of manufacturing and services difficult. As I noted almost two decades ago, services often are a result of what I called a “splintering process”.