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[...] We don't see any Swiss manufactured products around because the country is small (around 7 million people), which makes the total amount of Swiss manufactured goods rather small, and because its producers specialize in producer goods, such as machinery and industrial chemicals, rather than co…

Then why are the relative prices of manufactured goods falling? It is because manufacturing industries tend to have faster productivity growth than services. As the output of the manufcaturing sector increases faster than the output of the service sector, the prices of the manufactured goods relati…

a lot of foreign investment is what is known as 'brownfield investment'