What does manufacturing as a percent of GDP have to do with anything?
Case in point: You'd be pretty silly to think that the US isn't an agricultural powerhouse. However, only 2% of the US is employed in that industry which contributes 0.9% of GDP. However, it has one of the highest outputs in the world - and perhaps the highest per worker.
Another point: The US' manufacturing value is so high because it builds expensive goods. There is more innovation occurring with jet engines and airplanes than textiles.
Yet it is pretty silly to say that USA is an agricultural country.
That means there is a lot creativity going in the agriculture to keep it so efficient.
Even if there is innovation going on in the jet engine, there is still a lot of space for innovation in less hi-tech industry.
Case in point: You'd be pretty silly to think that the US isn't an agricultural powerhouse. However, only 2% of the US is employed in that industry which contributes 0.9% of GDP. However, it has one of the highest outputs in the world - and perhaps the highest per worker.
Another point: The US' manufacturing value is so high because it builds expensive goods. There is more innovation occurring with jet engines and airplanes than textiles.