[lbo-talk] Call for Iran to act on inflation

[Yoshie Furuhashi]

On 10/7/06, Doug Henwood <dhenwood at panix.com> wrote:
>
> On Oct 7, 2006, at 11:36 AM, Doug Henwood wrote:
>
> > Here's the manufacturing share of value added for some interesting
> > countries (from the World Bank, most recent year available, mostly
> > 2003-4):
> >
> > Chile                17.62
> > Iran, Islamic Rep.   10.38
> > Korea, Rep.          28.74
> > Low & middle income  17.04
> > South Africa         19.05
> > United States        14.93
>
> Should have included these:
>
>    Saudi Arabia        10.12
>    Venezuela           18.09
>
> And I should have said this is value added in manufacturing as a
> percent of GDP.
>
> So, by this measure, Iran more closely resembles the reactionary
> theocracy of Saudi Arabia than the low/middle income "developing"
> countries.
>
> I know that some oil exporters have tried industrialization with not
> so good results, but somebody's got to get it right someday, or
> they'll be lost in economic backwardness forever.

Here's newer stats.  Venezuela does have a higher share of
manufacturing, but it did so before the Bolivarian Revolution, too:
15% in 1994.

<http://devdata.worldbank.org/wdi2006/contents/Section4.htm>

Iran

                                1994         2004
Gross                   120,404     163,445
domestic
product
$ millions

Agriculture                 24              11
% of GDP

Industry                     29               42
% of GDP

Manufacturing           12               12
% of GDP

Services                     48              48
% of GDP

Saudi Arabia

                                1994         2004
Gross                   116,778      250,557
domestic
product
$ millions

Agriculture                  6              4
% of GDP

Industry                     49             59
% of GDP

Manufacturing            9              10
% of GDP

Services                     46             37
% of GDP

	
Venezuela

                                1994         2004
Gross                    47,027      110,104
domestic
product
$ millions

Agriculture                  6              5
% of GDP

Industry                     61             52
% of GDP

Manufacturing           15             18
% of GDP

Services                     34             44
% of GDP

Really, it's not easy to change the structure of economic output.
-- 
Yoshie
<http://montages.blogspot.com/>
<http://mrzine.org>
<http://monthlyreview.org/>