ABSTRACT

SYNOPSIS: 6.00 The rate of growth of the industrial core was low by modern standards, and differences in the rate of growth of productivity are even more remarkable.

6.01 The rate of transfer of labour to industry from other sectors was lower in the pre1914 core than it has been since the Second World War in the non-core countries of the OECD. But the core countries had not yet exhausted their labour reservoirs.