strong manufacturing sector prerequisite for country's development justify
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Six Reasons Manufacturing is Central to the Economy. Manufacturing has been the path to development. Manufacturing is the foundation of global “Great Power” Manufacturing is the most important cause of economic growth. Global trade is based on goods, not services. Services are dependent on manufactured goods. ...
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Manufacturing sector:
- Manufacturing is the key for development - not just creates jobs but stimulates the economy.
- The route to development was manufacturing. Manufacturing is really the foundation of worldwide "Great Power" development is the main cause of growth in the economy.
- International trade relies not only on services but on goods. Services rely on the products produced. Traditionally manufacturing has played a major role in developing countries' economic development.
- The results of the study indicate that the economic benefit and wages in the manufacturing industry have still not changed significantly since 1970, respectively, with world GDP and jobs.
- Commerce and business have been extended. Manufacturing industries led to and contributed to the elimination of unemployment and poverty.
To learn more:
What is the manufacturing sector? Why is it considered the backbone of development?
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