Economic Progress

Factories are no longer the sure route to prosperity. Here's why 

Employees work inside a LCD factory in Wuhan, Hubei province, May 8, 2013. Chinese flat screen makers, once dismissed as second-class players in the global LCD market, are drawing envious looks from big names such as LG Display Co Ltd and Samsung. While the Korean giants were busy developing next-generation organic light emitting diode (OLED) TVs, little-known Chinese companies have started selling a type of display that are sharper than the standard LCD and cheaper than OLED. Picture taken May 8, 2013. REUTERS/China Daily (CHINA - Tags: BUSINESS) CHINA OUT. NO COMMERCIAL OR EDITORIAL SALES IN CHINA - GM1E99H0ERL01

Countries once grew rich through manufacturing - but today there is more than one way to effect structural transformation. Image: REUTERS/China Daily

Arancha González Laya
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Related topics:
Economic ProgressAfricaSustainable DevelopmentManufacturing
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