Richard Rogerson on manufacturing and development.

A public lecture in the Economica Phillips lecture series, held in person at the Old Theatre and streamed online. It is hosted by Economica, the in-house international journal of LSE's Department of Economics, with Princeton professor Richard Rogerson speaking and Nobel laureate Sir Christopher Pissarides chairing. The lecture examines development through the lens of structural change, asking whether manufacturing is key to development as economies move from agriculture to services. It weighs evidence from China's manufacturing-led growth and India's service-led growth, and asks whether countries with little manufacturing growth are destined to stay poor.