3 ms·
Building a Manufacturing Industrial Base in at least some Goods is mandatory for every Developing country. The Services Industry will always be disrupted by eme
by rramadass 4y ago
Building a Manufacturing Industrial Base in at least some Goods is mandatory for every Developing country. The Services Industry will always be disrupted by emerging technologies and hence is not reliable to base an Economy on. It is also the case that only Manufacturing can absorb Unskilled Labour which is the main problem in developing countries.
The Covid pandemic and Ukraine-Russia war has exposed the weaknesses inherent in the "Global Economy" where a single problem affects the entire World due to everything being interlinked together. This is further intensified by the self-interest/selfishness/hypocrisy of the developed Western countries since they have managed to engineer the system to their benefit while short shrifting the developing countries.