What role does the government play in industrialisation
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government play a very important role in industrialisation in some countries government decide that where and how and what type of industry will be set up and do do the work of tax incentives , subsides etc
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Governments have at least four duties which must be carried out if industrial development is needed.
Educate the population, esp in STEM subjects.
Ensure financing is available for all stages of business startup.
Ensure that the financing made available will get into the hands of local entrepreneurs, not just people who will invest in foreign businesses.
Ensure rule of law, no government or criminal gang corruption, and security of the legal private property.
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