growth in various sectors in a developing economy

Discussion in 'Economics' started by alphav6O3q, Jan 6, 2012.

  1. Hii..

    I wonder if there is any known trend in which the different sectors grow in a developing economy. For example China is supposed to grow rapidly in the next decade or so.. What sectors are likely to grow fastest? I would think that not all sectors would would grow at the same pace.

    Maybe healthcare? Because the technologies for a longer life span/better treatments are already available in western countries. If people have more income they will tend to prioritize and spend a lot more on their health at the expense of everything else if their loved ones or themselves are sick?

    Is there any general accepted theory?