This means that... there is a general fall in demand, so the level of activities in every sector is lower, but this means that in relative terms, sectors that produce multiple goods are likely to expand, partly because it's easier to maintain the level of production in those sectors, but also because when people do not spend money on these face-to-face services, they will spend money on other things... There's already a sign that the demand for electronics goods... is rising, so... there will be a shift from services to manufacturing and agriculture in the coming years.
What It Means
This is a placeholder explanation generated by the low-overhead model. It interprets "This means that... there is a general fall in demand, so the level of activities in every sector is lower, but this means that in relative terms, sectors that produce multiple goods are likely to expand, partly because it's easier to maintain the level of production in those sectors, but also because when people do not spend money on these face-to-face services, they will spend money on other things... There's already a sign that the demand for electronics goods... is rising, so... there will be a shift from services to manufacturing and agriculture in the coming years." in the context of "" to mean that wisdom is timeless.
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About Ha-Joon Chang