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Industry-Led Growth - Issues and Facts (Paperback, 1st ed. 2016)
Loot Price: R1,716
Discovery Miles 17 160
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Industry-Led Growth - Issues and Facts (Paperback, 1st ed. 2016)
Series: SpringerBriefs in Economics
Expected to ship within 10 - 15 working days
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The book explores, for India and other developing countries, the
potential role the organized manufacturing sector could play as an
engine of growth. Alongside growth, can this sector generate
adequate employment opportunities to facilitate the transfer of
labour from the agriculture sector? The book identifies the major
constraints that result in limited demand for labour in the
organised manufacturing sector. Beyond technological aspects, skill
shortage is an important factor, resulting in sluggish labour
absorption. Further, the labour market laws are not necessarily the
root cause of sluggish employment growth in the organised
manufacturing sector. The development of technologies that are
appropriate for labour surplus countries like India is instrumental
to employment creation. Though innovation is generally assumed to
be capital-intensive in nature, the book argues that innovation
nevertheless has a positive effect on employment in absolute terms.
Lastly, the main policy issues are highlighted in terms of the
priority that should be assigned to industries which can contribute
to employment growth and skill formation for improving the
employability of the available labour force, and to which
innovations should be pursued, with a specific focus on pro-poor
growth objectives.
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