He noted that due to de-industrialization
in the past, the country's export had decreased and linked the provision of employment opportunities with growth of industry.
They said unless the government takes concrete measures to rescue the local industry, this situation would result in rapid de-industrialization
and closure of the local industry.
ISLAMABAD: Adviser to Prime Minister on Commerce, Textiles, Industry and Industries Abdul Razak Dawood on Monday said that due to economic reforms' measures, the government has stopped the de-industrialization
from country that started from last decade.
In 2008, the so-called Zimbabwe Crisis was full blown, says Kamete, with political, economics, and social turmoil characterized by hyperinflation, de-industrialization
, polarization, and persistent repression.
Therefore, no additional tax should be imposed on the manufacturing sector which will lead to further de-industrialization
and shrinkage of GDP.
manifested itself in the closure of 5000 industrial units, downsizing and restructuring of State Owned Enterprises (SOEs), decline in investments, migration of industrial units that became non-viable due to escalation in their cost of production rendering millions unemployed.
Adolfo Meisel (AM): Well, it is true that we have had, in recent years, a process of de-industrialization
. Industry, as a percent of GDP (Gross Domestic Product), has gone down, but I attribute this to a set of factors not all of which are necessarily bad or negative.
The committee members called for private sector commercial counselors, improvement in balance of trade and tackling de-industrialization
He further stated that de-industrialization
is a major issue.
They say that in the past three decades, there has been a trend of de-industrialization
in Macedonia as the contribution of industry to GDP has been halved.
As a backgrounder, the term 'Dutch disease' refers to the de-industrialization
of a country when the discovery of a natural resource abundance makes the said country dependent on the exploitation and exportation of the said resource to the neglect of manufacturing.