economic structure

• economic structure (1)

  • Depending on the type of country, the structure could shift from an agricultural-based structure to one with more manufacturing; or one with more manufacturing to more service-based
  • LDCs or developing countries tend to receive more low-end manufacturing, and this results in shift from agricultural and to manufacturing sectors in the country, when they receive more FDI
• economic structure (2)

  • NIEs experienced shifts from agricultural to low-end manufacturing to high-end manufacturing and services in the last 50 years 
  • When income level rise in the country, the growth of low-end services like retailer or consumer services also rise 
  • Developed countries have seen a fall in agriculture, low-end manufacturing to high-end manufacturing and services