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The continuing increase of human population in most developing countries and the rapid growth of consumption in the BRICS countries (Brazil, Russia, India, China, and South Africa) and in the emerging Mini-BRICS (Mexico, Turkey, South Korea, the Philippines, and Indonesia) are also of great concern.
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Meanwhile, oil consumption stands to increase with the rapid demand growth from the developing world, driving prices up a lot.
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But commodities firms of all stripes argue that rapid economic growth in the developing world will boost demand for their wares for years to come and so help them to escape from the industry's typical boom-and-bust cycles.
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In 2011 it co-founded e-Shang, a warehousing developer and operator based in Shanghai. e-Shang has grown from a portfolio of warehouses of 50, 000 square meters in 2011 to its current 1 million square meters of completed and developing projects, buoyed by the rapid growth of e-commerce in the country.
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Put simply, this is the point at which a developing country stops being able to achieve rapid growth relatively easily, by simply taking rural workers doing unproductive farm labour and putting them to work in factories and cities instead.
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"The main challenge will be in the rapid scaling up of these experiences, through knowledge dissemination and strong public policies, especially in developing countries, " says Paillard.
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And although birth rates are dropping in most developing countries, particularly those experiencing rapid economic growth, it will likely be decades before population stops increasing in most of the developing world.
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Manufacturing as a share of private-sector employment has been declining for decades, he said, because of outsourcing and, more importantly, "the rapid pace of labor-saving technological progress, " which is affecting employment in the sector even in developing countries.
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