Selecting Appropriate Approaches to Industrialization
5 Pages Posted: 3 Aug 2016
Date Written: July 30, 2016
Industries are playing a vital role in entrepreneurship development, self-employment, and new-employment opportunity creation and increasing economic growth throughout the world. Therefore governments are keen to promote industrialisation for fostering economic growth, fighting unemployment and reducing poverty. The government used to establish an organisation for promoting and developing industries. But due to lack of specialised knowledge to select an appropriate approach for industrialisation these organisations are becoming less productive or ineffective in this regard.
Keywords: Industrialization, Industrial Development, Industrialization Approaches
JEL Classification: L52
Suggested Citation: Suggested Citation