MANUFACTURING AS AN ENGINE OF GROWTH: THE CASE OF EAST ASIAN COUNTRIES BASED ON LITERATURE STUDIES

Abstract

This paper aims to answer why manufacturing is an engine of growth from an economist's perspective. This paper uses descriptive qualitative methods. Data collection using literature studies. This paper will confirm Robert Kaldor's theory of economic growth in East Asian Countries. The results support that the successful implementation of manufacturing in developing countries is due to the total factor productivity (TFP) which causes changes in efficiency and changes in technology.

Keywords

• economic growth
• manufacturing