I think you're confusing tangible with value. I look at it another way, if the world can get the "stuff" it needs with less and less effort, to me that's a sign of progress.DonQuixote said:Good question. Allow me to do some research. Then again, maybe the global economy and the G-7 economy may be in this mess because they aren't manufacturing. The entire global meltdown may be the result of too much service and not enough the creation of real value, ie manufacturing. Service doesn't create wealth. Items of value, tangeable property, creates wealth. Examples, houses, cars, household goods, etc.
Your question may raise the issue why the global economy is in such a mess.
This may help the research: https://www.cia.gov/library/publications/the-world-factbook/
OTB