With more than 2,500 factories and hundreds of thousands of workers on the payroll, it’s no surprise that the West has become a major player in the global manufacturing sector.
But what is not widely known is that the manufacturing sector has long been a major driver of poverty and inequality in many parts of the world.
The West has long struggled to compete with emerging economies in developing economies, where it is often more successful at building products for a global market.
While the West’s manufacturing sector is still very important to the global economy, it has seen a rapid decline in global manufacturing jobs since the 1970s, according to data from the US Bureau of Labor Statistics.
This has led to a growing number of people working in the sector in emerging economies, with the US, Germany and Canada having the most manufacturing jobs per capita.
But in the past few years, the number of manufacturing jobs in developing countries has decreased to levels not seen since the 1990s.
This is due in part to the impact of China on the global supply chain, which has seen the Chinese economy become much more efficient.
This means that more manufacturing jobs are being created in emerging markets than in the West, according a new report by the World Bank.
According to the report, the global workforce participation rate for the developing countries is now 64 per cent, which is down from the 72 per cent rate seen in 2000.
However, the overall unemployment rate for developing countries was 20.4 per cent in 2016, which was still higher than in many Western countries.
For many developing countries, there is still a long way to go to improve their standard of living.
According the report’s data, the unemployment rate is lower than the rate in many countries, but still far above the average of 3 per cent for OECD countries.
Despite this, the US and other developed economies have seen a huge increase in their manufacturing sector in recent years.
This growth has been accompanied by an explosion in global demand for manufactured goods, according the report.
This demand is not just driven by the demand for consumer goods.
The US is now the world’s largest consumer of manufactured goods.
According one report by research group the World Institute for Economics and Peace, the demand in the US for manufactured products reached a record $1.1 trillion in 2016.
This number has since surpassed $2 trillion, which will make it the second largest economy in the world by far.
In the past, the West had to compete to attract the world-class manufacturing talent it needed, which meant many countries had to rely on the cheap labour of developing countries.
However as the global economic boom has spread and many countries have started to develop their economies, many of these countries have begun to export their manufacturing talent to the West.
This migration of manufacturing talent has seen wages in many developing nations fall.
In particular, the wages of factory workers have dropped dramatically in many emerging economies due to the migration of skilled workers from the West to these countries.
This also has a knock-on effect on wages for low-skilled workers in the developing world, according The New York Times.
For example, a recent study from the McKinsey Global Institute found that the average wage of a low-paid factory worker in China fell by 25 per cent between 2010 and 2016, while the average wages of a factory worker from India fell by 43 per cent.
In 2016, China had the third largest manufacturing sector, but only the second biggest export market for Western manufactured goods and goods from other developed countries.
In other words, while Western manufacturers are now looking to the US to compete in the international manufacturing market, it is becoming increasingly difficult for the West in many ways to compete on a level playing field with the developing economies.